Ep. 35: Why Not Capitalism? (with Jason Brennan)

[@magister343]

I don't get what is so bad about the division of labor during camping trips.

[@jonaskoelker]

magister343 I think it's the use of your bargaining power to squeeze your friends-which I certainly wouldn't want my friends to do. Note, though, that in iterated interaction of monopolists (under some modeling assumptions I don't remember), my understanding is that the individually optimal behavior is to be pro-social, in the sense of splitting the benefits of cooperation 50/50.

[@BinanceUSD]

Profit and loss can not be escaped but effects your decisions in both societies when you trade. Difference is in capitalism it is understood under socialism is not and losses accepted either by state or member. Value for value.

[@zelenisok]

You can look at Peter Kropotkin's essay "Are we good enough?" from 1888. where he argues that we must abolish capitalism (and the state) not because people are good, but precisely because they are not. There's a KZbin clip of it, if you prefer listening to reading. Also, the definitions of socialism and capitalism given here are the "official" and mainstream ones, but are simply wrong. A simple look at history proves it- Benjamin Tucker, Lysander Spooner, Dyer Lum, Voltairine de Cleyre and similar thinkers- advocated abolition of capitalism, were members of the First International, and explicitly called themselves socialists, and yet- unfortunately for modern distortion of words' meanings- they were not only for abolition of the state or any other imposed social institution, but thought that the stateless society would be best organized as a free market. I would suggest looking at An Anarchist FAQ - it's Sections F and G and the Appendix 1. It's available online.

[@pxengine]

Communism assumes perfect knowledge of the market, and perfect morality among the people; Socialism assumes perfect knowledge of the market, and imperfect morality among the people; Anarchism assumes imperfect knowledge of the market, and perfect morality among the people; Capitalism assumes imperfect knowledge of the market, and imperfect morality among the people.