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Journalism fails miserably at explaining what is really happening to America
(www.inquirer.com)
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this post was submitted on 05 Sep 2023
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politics
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It is, and will always be- capitalism. When everything is for profit, lies become commodities. This system can work, until there is a crisis that markets can’t absorb. Climate change cannot be commodified because it affects consumers. Fascism is capital’s answer to the crisis. It can’t be voted away. We must demand for a planned economy to transform into a sustainable society. It’s our only hope. This is where we need to be.
I read an article not too long ago about a guy who started a worker owned restaurant. Everyone got a really good salary and any profits would be split evenly between all the workers. The article reveals that the business hasn't actually turned a profit but it didn't matter to the employees because the business made enough to cover it's expenses and all the workers were paid really well (IIRC they were making something like $30 an hour).
The concept really blew my mind: a business didn't need to be profitable to be successful.
Capitalism really does seem to be the problem.
Now imagine every business was ran this way. No overproduction. No expanding markets. Only producing what is needed. But there’s the rub. Who decides what is needed? Our whole cultural paradigm must change for this to be possible, and we don’t have generations to work out the kinks. It truly is the tragedy of the commons.
Hate to break it to you, but sometimes the opposite of a bad thing is another bad thing. Not even China rocks a planned economy anymore. They have these things like money and markets instead now.
Lol at the idea that China is the opposite of capitalism... 😂🤦♀️
I think that's his point: the China that existed as a planned economy collapsed decades ago and got replaced with their current quasi-capitalist system because the planned economy model was even worse than free market capitalism.
Planned economies didn’t work in the past with capitalist economies next door. Why have less, when your neighbor has more. Planned economies can work if its implemented worldwide. I’m only extrapolating the answer. Whether this happens sooner rather than later is the conundrum. Either we transition to a planned economy now and save lives and have a modicum of dignity. Or we ride this capitalist beast until billions are dead and we’re fighting over resources. The choice is clear.
I don't get the hate on the China economy. They've equaled the US in GDP if you figure in the US's debt. If you ignore the debt they're only at 1/2 the GDP (as opposed to 1/100th 2 decades ago).
By all metrics China is doing better than the US right now.
Again, that's the point. China turned away from central planning in the 1980s and 90s, after Mao died. Today's 'miracle' Chinese economy is basically capitalism. Capitalism with Chinese characteristics, if you prefer. If you want to know what command economy looks like, compare Mao's China and Brezhnev's USSR to the US or Europe.
Then China will collapse too. You have to get out of binary thinking. Us versus them. Any society based on growth will fail. Produce resources for survivability. That is all. Our way of doing things is gone. It can’t continue. Adapt or die.
While you're getting out of binary thinking, consider that perhaps fully capitalist and fully planned economies are both bad, and a compromise between the two, attempting to harness the best features of each, is necessary.
Just like over-eating and under-eating are both bad. A healthy balance is better.
Where did he talk about China?