this post was submitted on 25 Nov 2024
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Option C: capitalism is neither good nor evil, just an economic reactor core that must be properly harnessed to deliver on its promise (market efficiency) and avoid its peril (oligopoly).
The primary means of keeping the reactor core healthy (full-market efficient) is to keep it cool (evenly distributed) by pruning and recirculating capital via taxes. This amounts to redistribution, of course, which many have taken to calling “socialism.” But the reality is both are needed to maintain balance in the people’s economy.
The sooner we realize that, the sooner we can fix the damn reactor core.