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Agathon
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Leafs 4TW!! - CPA
Dec 2002 time: 00:35
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Surely you can do better than this drivel, Vel. It sounds like something you read off of a corn flakes packet.
quote: The drive for profits spurs innovation. |
Yes and no. Many fundamental innovations in ideas come from the university system, a system which (for the most part) does not operate on market principles. The reason is that markets for information commonly fail, so a different funding model than the market is necessary.
In some cases the drive for profits can also stifle innovation, in cases where an entrenched cartel uses its power to prevent threats from reaching the market.
Perhaps the most innovative project known to humanity, the Apollo progam, was oddly enough not a private development. Private institutions do not have the incentive to do such things, only states do.
quote: Innovation spurs new product development. |
Yes, but this is not the preserve of private markets.
quote: New product development spurs new facilities development (ie - it creates jobs), and creates or fills new markets (ie people buy stuff) |
Wow! So do centrally planned projects like state run healthcare or the space program or the army.
quote: Meanwhile, new stuff is being created, and there's an incentive to do that in Capitalism that does not require putting a gun to someone's head and ordering him to innovate or his family gets sent to the nearest Gulag without passing Go, and without collecting two hundred dollars. |
There's an incentive in capitalism that runs "do what we say, or starve". There is no morally significant difference between killing someone and letting them die from starvation. People think there is, but that is because they confuse contingent features of the two with the things themselves.
quote: The Red system(s) that have been trotted out ad infinitum can't compete with that. |
And a pure market system cannot compete with a mixed economy. A pure market system cannot deliver health care, education, defence and a plethora of other things efficiently or effectively. Markets have limits and are useless in many cases.
Don't confuse this claim with the Marxist claim that capitalism will destroy itself. When it does how do you expect people to support themselves, if the labour market no longer exists? How will you justify differential incomes if people can't sell their labour and there is no reason to pay one person more than another? That is what the end of capitalism means: either there is no market at all or there is a market, but no labour market. Either is logically sufficient for the Marxist conclusion.
quote: The only trick they got up their sleeve is brute force strongarm tactics, and I'm tellin you, creativity don't work that way. |
I take it you have never lived in a country with socialist polices. I don't remember the goverment having to resort to brute force to get people to fund healthcare or pensions by taxation.
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