this post was submitted on 01 Jul 2023
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As a left-centrist (but like, european-type left centrist, not American "left," but is actually right), a good mix of a regulated freeish market I think is a good balance between pure capitalism and socialism.
There are very many things better about a socialist system because of the power of the collective. But like, I don't need my fast food restaurants being regulated more than health and safety.
The government should be promoting competition and pure capitalism inherently trends toward less competition.
As a billionaire I agree, instead of forming unity to take me down I much rather you idiots keep on suckling on my bullshit to keep the gravy train going. Keep licking my boots 👍👍👍👍
The problem is that capitalism is a force incompatible with balance or restraint, eternal competition isn't a sustainable status quo. Eventually someone will conpete their way into a position where they can change the rules and break containment. As long as there is capitalism and Capital, nothing is safe forever.
The problem is that we started with competition and it led to imperialism (monopoly finance capitalism) as a matter of historical fact. What forces are powerful enough to break those monopolies? What forces could prevent them from forming again if they were broken? And if they were effectively broken, why would those forces simply re-install early capitalism, knowing how terrible it was, given that they have organised the power to overthrow the most violent people in history? What safeguards in the hypothetical model of early non-monopoly capitalism could prevent climate change, given that capitalism still requires unlimited growth? How could non-monopoly capitalism work in a world with AI and advanced tech available only to a few?
I say this to suggest there is no room for a balance between capitalism and socialism. Either the capitalists own the means of production or the workers own the means of production. What you propose requires a dictatorship of the proletariat. But if that happens, we're already at socialism, and they would have zero reason to give the capitalists just a little bit of power back.
If you're here in good faith and want to read some theory that underpins this view, see Lenin, Imperialism: The Highest Stage of Capitalism, chapter IX:
spoiler