0 Members and 1 Guest are viewing this topic.
Like other systems, capitalism was created with good intention.
Unlike other systems, capitalism wasn't created.
The evolution of capitalism has been constrained at various times and places by trade and banking law,
Quote from: alancalverd on 21/03/2023 11:52:18Unlike other systems, capitalism wasn't created.Humans created it.
But it isn't a single system.
The upside of the US economy
The good thing about capitalism is that corruption and stupidity are spread relatively thinly across the economy, and mistakes are therefore mostly containable and self-extinguishing.
Communism is an imposed system, invented pretty much ab initio by Marx et al and imposed by revolution.
Most economies depend on the production of waste.
In this video we take a look at the terrarium my brother made during his childhood. This terrarium was made between 2007 - 2008. This makes the terrarium at least 12 years old. Inside there is a variety of organisms. All of which have persisted within the closed ecosystem for generations. Originally this terrarium was home to a lot more plant and isopod species, however as the years went by biodiversity was lost as the new ecosystem balanced out.Currently the ecosystem is experiencing cycles. As the plant population increased, so did the isopods. This caused the isopod population to graze on a lot of the terrariums plants, causing the plant population to decrease. I imagine centipede populations may increase in future giving the plants the opportunity to recover.I found this terrarium very fascinating as it's almost as if there are two separate worlds within the same glass demijohn. The algae underground creates a unique habitat, which couldn't possibly exist in nature due to the fact the glass ensured that light could reach the soil underground. This allowed algaes, moss and fungi to flourish, alongside any of the smaller invertebrates that lived among them.Adult isopods seem to inhabit the surface and rarely venture below ground. I believe this is due to the hardness of the clay and rock substrate. The babies do seem to venture underground though, likely using tunnels left behind by earthworms many years ago.
Any system restricted by short term goals will eventually fail, when the environmental conditions make those goals no longer applicable.
Inflation nowadays isn't due to oversupply or undersupply of anything. It's the consequence of an uncompetitive market. There is no shortage of liquid fuels, and all electricity and gas retail companies are actually supplying the same stuff, but there is no point in charging significantly less than anyone else for the same product, so the price can only creep upwards.
Quote from: hamdani yusuf on 22/03/2023 22:34:58Any system restricted by short term goals will eventually fail, when the environmental conditions make those goals no longer applicable.Or succeed, when the goals have been achieved. Example: the object of a small business is to allow the owner to retire as soon as possible. Not every grocer's shop or white van enterprise is intended to support a dynasty.
"Long term" is about 90 years. Most people's short term goal is to earn enough to enjoy the last 30 of them.
Except for politicians. of course, whose only goal is re-election.