No, they weren't. They were dictators, they wanted to preserve their power structures.RushKing
The "no true scotsman" fallacy? C'mon RushKing, are you really going to tell me that Stalin, Lenin, or Mao don't really count because they're just "dictators"? It's frankly unbelievable that you can claim to know that they weren't sincere communists when we have their own writings. Their writings are still enormously influential among communists and marxists today. They were trying to preserve power, sure. But the goal of a communist society was absolutely in their agenda. And don't tell me that it doesn't count because its anarchistic. Marx and Engels advocated literal class warfare. They said that communism would come *after* socialism.
Ownership requres two seperate objects. You cannot be seperated from yourself.
While the latter is indisputable, it is the first statement that ownership requires two objects. You have not demonstrated that, and I have given a clear example of a thing having relations to itself.
Propertarians are violating MY freedom. Do you believe me asking for equal acces to natural resources is unreasonable? Or is it the guy with the gun in the room who is unreasonable?
First and foremost, natural resources are not the most important factor of production. As a matter of fact, now that we live in an industrial world, capital is the most important. But that aside, the notion that we should allow "equal access" to resources is ridiculous. There are economies of scale, there are other inputs to production necessary to harvest those resources. You need firms that have the capital to harvest those resources in order to use them efficiently. The marginal utility of a ton of Iron Ore is significantly larger for United States Steel than it is for, say, you individually. The price system makes it so that, for example, iron ore is used by those who stand to gain the most from it.
On the other hand, if we were simply talking about equal access to the RENTS from those natural resources (ie, allowing firms to harvest those natural resources, but taxing their profits highly), then I'd be a bit more sympathetic. But that's not what we're at all talking about. Money is creating artificial scarcity.
No, it's not. At any given time, there are a finite amount of machines, a finite amount of man-hours of labor, a finite amount of natural resources, only so much technology, only so much managerial skill, etc. Those inputs to production can be used to produce only so many goods. Money is a universal medium of exchange and unit of account that helps the economy decide which units to produce.
We already produce enough to end world hunger but we can't becuase market won't let us.
There's enough food to feed the world *if we could get food to those who need it.* That's a big "if." The problem with areas that have chronic hunger is that they're also LANDLOCKED. When you have a landlocked country surrounded by hostile neighbors, there aren't going to be many, if any, working roads to physically deliver food to those who need it.
No way can I call it effiecint resource allocation. In capitalism your freedom gets determined by the amount of cash in your pocket.
It may be inequitable and we might prefer that other people receive goods, but there are far simpler and more time-tested methods of ensuring that. We already have an agency set up to do precisely that, it's called the "Internal Revenue Service"
Capitalist price systems fail miserably at optimally allocating a country's resources. Mostly because optimal is viewed in terms of gross numbers produced.
No, no and no. Most optimal, for moral philosophers, is the allocation that maximizes well being. For economists, optimality is equivalent to "Pareto Optimality" which is a situation where you can't make one person better off without making the other worse off. Competitive markets with utility maximizing consumers and profit maximizing firms ensure that this takes place.
Supply and demand don't take into account the product being produced or its overall effects on society (eg A purely capitalist society would produce heroin if the demand was there, regardless of the fact that we're better off without it).
So many things I can say. Most economists would immediately quip something like "You probably enjoy alcohol, so who the f**k are you to say that someone can't use heroin!?" I'd probably say the same thing (which is why I support the legalization of *all* drugs).
The other thing I would say is that you're basically right in some special cases. Those special cases are markets where there are negative externalities. In such a situation, it would make sense in theory for the government to tax the production of that good which has negative externalities. That said, it only makes sense in theory. The decision to tax is not a categorical one, it's a quantitative one, ie the government has to decide *how much* to tax the given good, and it's damn near impossible to figure that out. Governments can easily tax a good too much so that the reduced negative externalities are more than offset by the loss in overall welfare.
Capitalist optimization fails to properly prioritze production or recognize the overwhelming importance of certain resources such as basic food, medicine, and shelter.
The only places that don't have such amenities are not developed countries, they're very, very poor nations. And it's not as if the United States doesn't produce enough of these goods (actually, you can easily make the argument that we produce way too much of those goods!). These goods, like most goods, have diminishing marginal utility. So it's definitely a good thing that we are not producing more food than we are. Similarly, it's not as if developing nations are producing too many luxuries and too few basic items.
Demand disproportionately encourages resources and labor to go towards consumer goods. We end with the ridiculous situation we're in now, where we churn out flat screen TV's and luxury cars by the millions, while people are homeless and starving.
Homelessness is a whole 'nother issue unto itself that has to do with mental illness, alcoholism, etc. It really makes little sense to try to analyze homelessness economically. I mean, it's not as if people are homeless because shelter lies beyond their budget constraint. But again, 3rd world nations, specifically nations where starvation is a problem, aren't really part of the market for American goods and services. The producers are American firms, and the consumers are *American* households, by and large, and it is the preferences of American households that, together with the resource constraints faced by firms, are setting the prices of goods. Further, capitalist optimization fails to take into account the strain caused by production. In the long run, production can be completely unnecessary and deplete our natural resources or destroy the environment, but this is ignored by free market forces.
Not so. When resources are owned by households, those households will optimize production across many years. This is the same with firms. Firms and households are rational actors, they understand that they face a constraint that implies that, if they consume everything today, they'll starve tomorrow. So they smooth consumption across many years.
Instead, the capitalist mantra is more production is always good as long as there is demand, disregarding the actual utility of the product being produced (after all, demand is equivalent to utility in a capitalist mindset),
You don't have to possess a "capitalist mindset" to equate demand with utility. The demand curve for a good is a result of consumers optimizing their choices to maximize their own utility.
disregarding the environmental damage caused by production.
When rational persons own resources, they won't disregard environmental damage. "Optimal allocation" is short-sighted.
Robert Barro would definitely like a word with you
We end up producing in reckless ways that could have terrible reprocussions 30, 50, 100 years down the road because supply and demand is immediate.
What reason is there to assume that? Supply is determined by marginal cost, Demand is determined by marginal utility. Households optimize and put off consumption until the future. This is called "saving"
There is no consideration of long-term effects in an economy driven by consumer decision-making. Consumers are short-sighted, thus the decisions they make are often reasonable in the short run, destructive in the long run.
Robert Barro would like a word with you. The free market does not lead to optimal allocation of resources. It leads to short-sighted, unsustainable modes of production that are only efficient insofar as we are producing as much useless crap as possible. I simply can't believe capitalism is efficient, when countries such as the US, with so many resources and so much labor, fail to feed millions under a capitalist system. This is not efficiency. This is a gross, irresponsible allocation of resources, where money is power and society is forced along by the invisible choke-chain of the almighty dollar.
If economics calls this efficiency, you can keep your 300-level courses.
Your objection has nothing to do with efficiency, it's one of equity. We can argue all day about what the most equitable distribution of resources is (and I suspect that we may even largely agree), but markets are efficient.
Log in to comment