Gabriel
gabriel@mk.gabe.rocks
Alright capitalists this question is for you!
I think it's pretty fair to say the system is not currently functioning as a good representation of free markets and economic mobility.
Obviously communism isn't the answer, so it's up to free market advocates to show us a better way.
What reforms would you propose to make capitalism as it exists, work better at providing genuine wealth and opportunities instead of top-down planning?
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gettie (
arc) 
getimiskon
(reposting because the original post was removed)
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Gabriel
gabriel@mk.gabe.rocks@getimiskon@fedi.getimiskon.xyz
Yeah I foresaw that point, because it's a non-trivial one.
Part of the reason I'm asking is because I think UBI is the wrong answer to a variety of important questions.
Sticking to economics: how do you stimulate supply instead of demand? (Ideally without unnecessary waste)
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gettie ( arc)
getimiskon
The easiest to think, but hard to implement (depends on many variables), is to have a specific taxation. For example, everyone should pay a yearly tax of, let's say 5% of their income per year. Although in reality it won't work.
Maybe it's not the best solution (maybe i'm totally wrong), i'm not that good on politics or economics.
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Gabriel
gabriel@mk.gabe.rocks@getimiskon@fedi.getimiskon.xyz
Personally, I think taxing personal income makes no sense and is a big part of the problem.
For example Canada is in a tricky spot right now (Stagflation in all but name) and the bank of Canada wrote an interesting report on what they see the way out as being: [an increase in productivity] (https://www.bankofcanada.ca/2024/08/how-high-productivity-helps-fight-inflation/)
But! You'd somehow need to increase "productivity" per person. Which I'm interpreting as the Bank of Canada admitting that Canadians are not making enough to invest in themselves and it's creating other problems.
But above all, I would like to see "pro capitalists" thinking in terms of how present "cronyism" actually undermines wealth creation and makes things worse for everyone. It's a lot more complicated than "just less government" (which can be a good heuristic) but requires a deeper understanding that is hard to find.
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gettie ( arc)
getimiskon
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Sir Ryan Bemrose
ryan@bemrose.socialTrigger warning: Some of these are pretty radical.
Short term:
- Eliminate corporate welfare / subsidies
- Flat tax. No more loopholes for people who can afford to spend $100k on accountants
- Limit legal fees and institute a loser pays system. Give the small guy a chance in the courtroom against megacorporations. Probably three dozen other refinements to cut down on the disproportionate power of retaining huge lawfirms.
Medium term:
- Eliminate corporate personhood and liability shields. Force the decision makers in the company to put their asses personally on the line for decisions they make.
- Eviscerate IP and copyright. Stop handing out government-enforced monopolies on ideas, thoughts, and speech like it's halloween candy. As a side bonus, it would cut WAY down on opportunities for passive income, bringing wealth accumulation more in line with economic contribution (aka: work in => money out).
- Sunset clause on ALL laws. Something generous like 25 years, but then it expires. There are too many laws on the books, and they create a MASSIVE economic drain.
Long term:
- Deregulate almost everything. In a free market, the long-term solution to almost every problem is competition. History has shown that every regulatory regime is eventually captured by the big players in the industry it is intended to regulate, and then used to punish the smaller players and prevent new competition from forming.
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hazlin no plap time
hazlin@shortstacksran.ch@gabriel
Tangentially, the structure doesn't matter if the people who make and enforce the rules are evil.
I saw a great post from d earlier, pointing out all the things people WANT to buy, and that it is common knowledge that people want to buy them, they used to be made in the recent past, and yet, no one is making them, and you cannot buy them.
It is because the current market is a curate market. The "winners" are those receiving help from organizations that have agendas. The biggest of those organizations is the US Gov, and state sided entities like black rock.
That we are seeing small businesses go under, and good products discontinued, as a produce of natural forces on the free market... is just a lie.
The destruction, and subversion of a free market, is just part of God's judgement on the West. This cannot be fixed with reform, only repentance.
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