Capitalism, in theory and in practice, guides behavior be providing incentives for producing value.
However, REGULATION is ABSOLUTELY NECESSARY to remove incentives from antisocial things, and incentivize pro social behavior that isn’t profitable.
People keep fucking up that second part, and then wonder why corruption is so widespread. Corruption is perfectly predictable. We need to build incentives to reward and promote good behavior.
Edit: corruption exists in every system and it’s why things like pure communism and socialism don’t work.
I’d actually love to hear more about your perspective. I totally agree with the idea that regulation is required to disincentivize antisocial behavior, but how does that relate to “pure” socialism? What do you mean by that phrase?
Capitalism, in theory and in practice, guides behavior be providing incentives for producing value.
However, REGULATION is ABSOLUTELY NECESSARY to remove incentives from antisocial things, and incentivize pro social behavior that isn’t profitable.
People keep fucking up that second part, and then wonder why corruption is so widespread. Corruption is perfectly predictable. We need to build incentives to reward and promote good behavior.
Edit: corruption exists in every system and it’s why things like pure communism and socialism don’t work.
I’d actually love to hear more about your perspective. I totally agree with the idea that regulation is required to disincentivize antisocial behavior, but how does that relate to “pure” socialism? What do you mean by that phrase?