this post was submitted on 03 Dec 2023
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[–] nycki@lemmy.world 46 points 11 months ago (5 children)

I remember in college we took a course on economic efficiency and the short takeaway is "the free market is extremely efficient, but only when the competing parties start with equal resources. the more inequal the starting position, the less efficient the market becomes." and to my mind that suggests that we should enforce some sort of "rubber-banding" effect so that a company needs to keep competing or else it will "drift" back to the mean over time. Something like aggressive taxes on the uber-rich and comprehensive welfare for the poor, y'know? Capitalism but with safety guards would be pretty cool.

[–] pingveno@lemmy.ml 17 points 11 months ago (1 children)

Something like aggressive taxes on the uber-rich and comprehensive welfare for the poor, y’know?

This is why aggressive estate taxes are so incredibly critical. People shouldn't be professional descendants. And of course welfare provides both ladder and safety net. The fools who are trying to abolish one or both are working against social mobility.

[–] UncleGrandPa@lemmy.world 2 points 11 months ago

Because they think social mobility is wrong and bad for society

[–] Microw@lemm.ee 7 points 11 months ago (1 children)

There is a reason why the European/Scandinavian economic model works so well.

[–] Kanda@reddthat.com -2 points 11 months ago (1 children)

Give it 10 or 20 years and we'll basically be the US, but with really high taxes

[–] uis@lemmy.world 3 points 11 months ago

You gived 10 years 7 times in a row

[–] crackajack@reddthat.com 4 points 11 months ago

Yeah, mixed economy undeniably works!

[–] tetris11@lemmy.ml 2 points 11 months ago

I think just don't allow other companies to buy others. Mergers should be illegal.

[–] Omega_Haxors@lemmy.ml 1 points 11 months ago* (last edited 11 months ago)

Afraid to say this but that college course was capitalist propaganda. When you look at the actual facts it points to capitalism being trash in every metric except cancer-like growth for the sake of cancer-like growth, which of course it's good at because that's what it was designed for.