Leftism
Our goal is to be the one stop shop for leftism here at lemmy.world! We welcome anyone with beliefs ranging from SocDemocracy to Anarchism to post, discuss, and interact with our community. We are a democratic community, and as such, welcome metaposts that seek to amend the rules through consensus. Post articles, videos, questions, analysis and more. As long as it's leftist, it's welcome here!
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- Posts about a particular ideology are ok, but remember the rules above
- Remember that there is no “right way” to implement leftist theory. This rule does not prevent academic criticism.
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Aside for your idea of "manufacturing wants/needs" (as they are unlimited), rent seeking and extortion (such as subsidies and taxation) are not legit means to profit in a market-setting.
"Those who particularly flourish on the free market, therefore, will be those most adept at production and at serving their fellow men; those who succeed in the political struggle for subsidies, on the other hand, will be those most adept at wielding coercion or at winning favors from wielders of coercion."
Corporatocracy is not the same as capitalism. The state is not intrinsically bounded to the formation of markets and voluntary exchange.
There is no such thing as a permanent solution to the economic problem of scarcity. Any superabundance theory is destined to fail, such as keynesian economics.
The Great Depression represented the most visible sign of a necessary correction in an economy artificially inflated by expansionary monetary policy. The interventionist measures made to boost the economy only drove it further into depression.
"Future recessions can be prevented by reforming the monetary system that creates the boom in the first place."
"We might object to this on the grounds that markets, like any other construct, are man made, and therefore entail a real cost. While it is true that markets are a human construct, we must bear in mind that they are, as Hayek put it, the result of human action, but not the result of human design."