←back to thread

174 points jbegley | 3 comments | | HN request time: 0.206s | source
Show context
0x262d ◴[] No.22771183[source]
Huge indictment of capitalism that we have an unbelievably high level of productive capacity and can't do any of these things: make hospital equipment including ventilators; produce enough masks; keep hospitals open (there has been a steady trend of closures brought on by financialization (profiteering) and mergers); train adequate numbers of hospital staff; and the most ridiculous so far is every business is desperately trying to stay open even for non-essential things, like Amazon.

Profiteering is undercutting every possible thing. The profit motive over a democratically planned economy is horrible most of the time but really becomes a mess in a crisis.

replies(3): >>22771358 #>>22771528 #>>22773748 #
1. salawat ◴[] No.22773748[source]
You might want to make your comment again without using the phrase "planned economy". It doesn't matter that you're probably using it to mean "an economy under the active influence of a government through large work orders in response to a crisis"; many economically versed individuals will take a gigantic dump on you regardless because they figure you're dog-whistling communism, intentionally or not.

Just figured you may want to know, because you have a decent point.

replies(2): >>22773948 #>>22774784 #
2. 0x262d ◴[] No.22773948[source]
Thank you, but I know. I am actually promoting state ownership and democratic control of all important, nationally coordinated industries. I am a marxist. I don’t mean Stalinism, but a level of democratic, worker-controlled socialism never seen before (although people who hate socialism don’t care about the distinction anyway).

I also believe that while many people are allergic to this right now, especially on meritocracy-loving hacker news, over time, this position will become more popular with most people because capitalism is structurally unable to solve its own problems and increasingly people’s recognition of that will overcome their fear of the unknown.

I think this has a lot of intellectual appeal. Capitalism has done a lot of progressive things and nationally coordinated, centralized industry is incredible. People often point that out and they’re right. But the economy and industry we have now is socially operated - through an international division of labor from farmers to programmers - even though it is privately owned and run not to satisfy the needs of workers and people, but to increase profits. This central contradiction between how production is organized - profit for those who own capital - and who runs it and who it should benefit - everyone, as decided democratically - is behind the dysfunction and social crises we’re rapidly plunging into.

Hold onto your seat! Things are going to get crazy, and I recommend reading Marx, he’s a lot more lucid and clear thinking than people who go half way like Bernie. In the meantime I’m not worried about people who dump on me for the horrors of “communism” because they sound more absurd every week.

3. minikites ◴[] No.22774784[source]
>economically versed individuals

Economically versed individuals would agree with the parent comment, not yours.