Saturday, November 24, 2018

Capitalism ⬌ Socialism: The Other Economic Stagnation


When skilled and unskilled people living in the digital age are asked about the sharpest divides behind economic belief, responses indicate that Socialism vs. Capitalism is (still) where it's at. It will come as no surprise that I am far from convinced that bifurcating economics along this especial a lane is coherent or productive in 2018. That is, once one applies exclusively forward-looking criteria for determining what we have most reason to dispense with and what we'd do well to preserve.

If this comes across as a pitch for the Mixed Economy as the only way forward, it goes to show just how attentively propagandized things are. There's a multitude of so-called Third Ways. Some of them doctrinally incorporate aspects ofor the totality of the LTV. It would be more accurate to refer to these buried models as Fourth Way, Fifth Way, etc. That won't happen, and each of those highly multifaceted mixed systems will continue to receive zero airtime and attention. So next time you hear about the drawbacks of the Mixed Economy, try to point out that "it" has as many if not more offshoots as all the unmixed doctrines do.

Hair-splitting example: Whether an economy is mixed or unmixed says nothing about whether it is ultimately grounded in steady-state precepts or in unfettered "growthism". Visual aid time: