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Its getting old.
(lemmy.ml)
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this post was submitted on 01 Nov 2023
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Absolutely. While I can be convinced on markets for some things (with regulation to protect consumers and prevent monopolies), it completely falls apart in others. Necessities absolutely should not rely on free markets because capital holders hold an extortionate amount of power, most people have little to none, and if it's more profitable to let some people die, then the profit motive will let those people die.
Necessities must rely on free markets because free markets are the only mechanisms productive enough to cover those necessities.
Health care, education, and housing are three markets that we have attempted to control on the basis that they’re necessary so we shouldn’t take any chances.
As a result, health care, education, and housing are ultra expensive and scarce, and major sources of stress and worth for people.
But far more fundamental than any of those, and hence capable of producing far greater suffering when lacking, is food. Food is a much more free market than health care, education, and housing, and as a result food is abundant and cheap.
The constantly-driven message that capitalism cuts people off from things is deep within our brains. And it makes sense: you imagine someone wanting to eat and not having money and they don’t eat and that’s a horrible thought. But it’s not what happens. We buy and sell food all the time, and we also give enormous amounts of food to people for free. Heck we just had an annual ritual last night based on giving people food. I flew a sign once that said “food only please” and I ate very well. Like, people saw that sign and went to buy me a $50 steak then came back to give it to me.
All I’m saying is: please just try and differentiate between the things that are mostly handled by free market, and the things that are centrally controlled, and then ask yourself what is abundant and what is scarce.
I think you’ll find that capitalism gives more away as an afterthought than other economic systems even produce in total.
In 2018, 11.1% of American households were food insecure. While this is better than many developing and historically colonized countries, this statistic is still worse than for many other developed nations.
Health care in the US is so expensive because there is currently a capitalistic private ownership of insurance because historic efforts for socialized medicine were crushed by the ruling class. Additionally, efforts to implement socialized programs have been systematically handicapped by private insurance company stakeholders.
In Finland, a country with socialized education, tertiary education is free to citizens. In the US, the average cost of attendance to a public university, the cheapest category of 4-year tertiary institution, is $26,000.
Housing prices are skyrocketing because private equity groups and hedge funds are rapidly buying property to drive up prices for profit.
You are pointing out problems that capitalism and free markets have given us, and pointing the finger at socialism, when efforts to socialize each of these necessities have been systematically squashed. You are contributing to misinformation by writing this post. Please do some research and back up your claims with reliable sources before spouting nonsense you don't understand on the internet.