It, unfortunately, is an efficient distribution of labor, at least relative to other systems. Not because wasting food for profit isn’t fucking heinous, but because the mobility of investor capital and responsiveness of market prices is less inefficient than reciprocal economies or central planning.
However, we are at a point in human society where raw efficiency is no longer the bottleneck for our quality of life. Capitalism was an ugly solution to a real problem, but we can probably bid it farewell at this point, if only we can dislodge the elites who benefit from perpetuating it.
Seems like you could get most of the way there by just keeping the current system but adding a social dividend which would form a basic income for everyone. If the dividend is pegged to economic growth then it should also be fairly resistant to inflation.
It, unfortunately, is an efficient distribution of labor, at least relative to other systems. Not because wasting food for profit isn’t fucking heinous, but because the mobility of investor capital and responsiveness of market prices is less inefficient than reciprocal economies or central planning.
However, we are at a point in human society where raw efficiency is no longer the bottleneck for our quality of life. Capitalism was an ugly solution to a real problem, but we can probably bid it farewell at this point, if only we can dislodge the elites who benefit from perpetuating it.
All we need is something that could realistically replace it, and a complete rewriting of all of our laws to allow for it to happen.
Easy enough.
Market socialism, ez. Shame about the whole “entrenched powers that be” bit.
Seems like you could get most of the way there by just keeping the current system but adding a social dividend which would form a basic income for everyone. If the dividend is pegged to economic growth then it should also be fairly resistant to inflation.