Summary:
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:
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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.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:
Mike Norman writes Rinse and repeat–Truss chaos–the new benchmark — Bill Mitchell
Lars Pålsson Syll writes The man who never wavered — Alan Bates
Joel Eissenberg writes You can’t fool Mother Nature
Bill Haskell writes Grades and learning
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.