Socialism won’t keep dragons from hoarding their gold. You would just be taken advantage of for the same thing, your labor, through a different channel.
What a dumb question. Ya’ll really act like that dude is obligated to give you a free economics lesson with such a vague pointless question.
On a broad scale any economy is simply how money is created and used.
When the federal state has complete control over the money supply and dictates how it is allocated to firms in various markets, as is the case in both “socialist” dictatorships and some highly involved social democracies: the channel through which your labor is bought is purely through the government via offices and contract bids with industry suits attempting to maximize profits for themselves.
When the federal state takes a more unregulated hands off approach, letting banks create money organically through loans and only taxing enough to fund itself: the channel through which your labor is bought is purely through industry suits attempting to maximize profits for themselves.
Anarchist Society theoretically works very different, but they tend to only exist for about 5 minutes before devolving into the former case.
When the federal state takes a highly regulated and invested approach (“The Market System”), much like a social democracy, where money supply quickly becomes convoluted but strictly managed based on economic needs: your labor is bought via your association to one or more of a series of small firms competing to fill demands to maximize profits for themselves. Some industries are allowed to operate at larger “economy of scale” for the sake of efficiency but ideally such a state wouldn’t allow businesses to grow too large and would tax them such that doing so much more work would yield fast diminishing returns on investment.
Socialism won’t keep dragons from hoarding their gold. You would just be taken advantage of for the same thing, your labor, through a different channel.
Which channel specifically are you referring to?
Your comment smells of “enlightened cantrist trying to sound reasonable (but failing at it)”
What a dumb question. Ya’ll really act like that dude is obligated to give you a free economics lesson with such a vague pointless question.
On a broad scale any economy is simply how money is created and used.
When the federal state has complete control over the money supply and dictates how it is allocated to firms in various markets, as is the case in both “socialist” dictatorships and some highly involved social democracies: the channel through which your labor is bought is purely through the government via offices and contract bids with industry suits attempting to maximize profits for themselves.
When the federal state takes a more unregulated hands off approach, letting banks create money organically through loans and only taxing enough to fund itself: the channel through which your labor is bought is purely through industry suits attempting to maximize profits for themselves.
Anarchist Society theoretically works very different, but they tend to only exist for about 5 minutes before devolving into the former case.
When the federal state takes a highly regulated and invested approach (“The Market System”), much like a social democracy, where money supply quickly becomes convoluted but strictly managed based on economic needs: your labor is bought via your association to one or more of a series of small firms competing to fill demands to maximize profits for themselves. Some industries are allowed to operate at larger “economy of scale” for the sake of efficiency but ideally such a state wouldn’t allow businesses to grow too large and would tax them such that doing so much more work would yield fast diminishing returns on investment.
And then like a million more grey inbetweens.
As an Indian guy, I-
Yes…