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In reply to the discussion: The Probelm With Capitalism [View all]MineralMan
(146,286 posts)38. No such centrally controlled system has ever succeeded for long.
It has been tried, but cannot compete successfully with capitalistic systems. Supply chains for goods, from raw materials to finished product are simply too long to be managed centrally. In a global economy, it's even worse. Without a profit motivation, nothing complex can be done successfully. I mentioned cellphones in the reply just above in this sub-thread. They're just one example.
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I would say that how well an owner accurately makes that sort of assessment determines whether their
Hugh_Lebowski
Jun 2021
#1
Big Corps with stocks are hogtied to making a profit for the stockholders and taking from the...
Brainfodder
Jun 2021
#3
The real problem with (under-regulated) capitalism is inevitable concentration of wealth
Mysterian
Jun 2021
#9
Capitalism can only work if it is tightly regulated to protect labor, consumers and the environment
ShazamIam
Jun 2021
#17
So exploiting others is natural. I disagree when the evidence shows that we advance when we
ShazamIam
Jun 2021
#23