Communism doesn't work because the incentives are all wrong, but some capitalism with some socialism can, in fact, this seems to be most successful type of economic system (Scandinavia). And MMT could make it even easier to implement.Imagine in tribal times you're a great hunter, and you get all the glory (competition, individualism) but one day you're badly hurt and can't hunt for a while. Rather than perish, the tribe takes care of you and your family (social security, welfare) and then when you recover you become a great hunter again. [embedded content]
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Matias Vernengo writes Elon Musk (& Vivek Ramaswamy) on hardship, because he knows so much about it
Lars Pålsson Syll writes Klas Eklunds ‘Vår ekonomi’ — lärobok med stora brister
New Economics Foundation writes We need more than a tax on the super rich to deliver climate and economic justice
Robert Vienneau writes Profits Not Explained By Merit, Increased Risk, Increased Ability To Compete, Etc.
Imagine in tribal times you're a great hunter, and you get all the glory (competition, individualism) but one day you're badly hurt and can't hunt for a while. Rather than perish, the tribe takes care of you and your family (social security, welfare) and then when you recover you become a great hunter again.