this post was submitted on 16 Jan 2024
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The arguments about "inefficiency" and "bureaucracy" have to be the most baffling ones to me. We already have a system that is an inefficient maze of red tape, lengthy forms, and arbitrary decisions about healthcare availability made by suits without medical training. We already pay high premiums. What "efficiencies" of capitalist healthcare are we so desperate to preserve?
Every single dollar earned in profit by a health insurance company is a dollar that was spent on healthcare, for which no healthcare was delivered. And there are billions of them.
Health insurance company profits are literally inefficiency in the system.
And an absolutely staggering inefficiency at that. The US spends roughly twice as much per capita as the rest of the developed world for healthcare, for health outcomes that are ranked nowhere near the top. A 100% inefficiency, attributable entirely to private health insurance.
The ability to efficiently empty your wallet into a company's bank account.
cApItaLIsm iS tHe OnlY EfFiCiEnT sYsUUuuuuM!!11!1!1 - every capitalist-simp
Capitalism is very analogous to evolution. I wouldn't call it efficient in any way.
interesting, pls expand
Someone starts a new company. It either grows or dies. The company can change over time to adapt to it's environment, it can split, it can spawn new companies. The ones that fit best in their environment survive. The ones that don't die. Some companies fill a specific niche and never grow beyond that. If they grow too big they can outpace their environment and destroy it and themselves.
and some turn into literal cancer that is killing society!
Don't mind me, just fantasizing about the alternate timeline where Amazon never expanded past selling books.
Is that efficiency?
Nope that’s why it takes so long and causes species extinction along the way
pls expand:
C a p i t a l i s m i s a n a l o g o u s t o e v o l u t i o n . I w o u l d n ' t c a l l i t e f f i c i e n t i n a n y w a y .
pls expound:
Someone starts a new company. It either grows or dies. The company can change over time to adapt to it's environment, it can split, it can spawn new companies. The ones that fit best in their environment survive. The ones that don't die. Some companies fill a specific niche and never grow beyond that. If they grow too big they can outpace their environment and destroy it and themselves.
Efficiency only comes at scale. Only way to be truly efficient in capitalism is to ultimately have the entire system fold into one conglomerate monopoly.
At that point, how is that better than communism or socialism?
Its the only system.... what an odd thing to say.
Are you... Unfamiliar with the numerous other types economic systems?
Uno reverse.
Please name an economic system on planet earth that doesnt revolve around capitalism and where it is used.
OP did not specify "currently in use". You added that all by yourself. Additionally, something currently being in use does not imply it is the best possible option. We lived under fuedal socio-economic systems for thousands of years, now we live under corporatist/capitalist systems. I don't know what will come in the future.
So none then. See that was easy
Nice strawman, made that one yourself?
Id love to hear how that was a straw man. I asked a specific question, they deflected, I noticed and called it out.
Amsterdam, Doughnut Economics, Time article from 2021 While the long term viability of this may still be in questions, this at least answers your questions of "Name an economic system on planet earth"
Sorry you are right, there are some communities that are trying things on their own. For instance in Israel they have some socialist communities in their kibbutz in the settlement areas. They tried being self sufficient but later ended up being reliant on government subsidies. So Amsterdam having a different system within the Netherlands makes sense. I would imagine there are many more communities like these but I have not heard of a whole government body working outside of capitalism.
Updoots
The efficiency of the system at making a few people very rich. Sure, it impoverishes people like us - but someday, WE might be rich! And then people like us better watch our step!