Yeah, any economic system that concentrates power into one group is bad, whether it's corporate monopolies or a single government (which ends up kind of like the ultimate monopoly in a communist state). Communists IMHO have a fundamental misunderstanding of human nature and how incentives can be exploited for the benefit of everyone. We need a form of capitalism that promotes competition (because profit is possibly the most powerful motivator of innovation), but also keeps companies in check with strong regulations, strong workers unions, and profits taxed appropriately. It's also important to recognize that some basic needs should be met by the government like public education, public utilities, correctional systems, national defense, welfare, healthcare, etc. But even with public services, there should be room for private companies to innovate and provide premium alternatives to keep the government in check (with exceptions obviously, we don't want private military and private prisons for example).

[+] Incandemon@lemmy.ca 5 points 1 year ago* (last edited 3 weeks ago) (1 children)

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[–] stu@lemmy.pit.ninja 4 points 1 year ago

I probably could've worded that statement better and you bring up good points when it comes to individuals. Innovation clearly does not require profit motive to occur. The type of innovation you're talking about does require time to achieve, however. For individuals, this is leisure time, for organizations this is billable time. Regardless of the structure of an economy, the creative pursuits you've described can't occur if people are being worked to death.

One thing I will say about open source software, though, is that a lot of projects don't exist because of pure altruism. A lot of projects have been corporate funded (sometimes significantly funded) in order to specifically kill closed source competitors. I'm a pragmatist, though, I see open source software as a universal good for humanity regardless of its raison d'etre. Open source software is a form of competition that pushes closed source software vendors to innovate in order to justify their value. I could also argue that a lot of free content on the Internet is only free in the sense that it was produced by people who didn't have a profit motive and it's still often subscription or ad supported. YouTube, for example, still makes a lot of money on it.

The main point I was driving at is the choice of economic system doesn't matter much for personal creative endeavors as long as it allows people time to pursue them. But market competition for profits is absolutely one of the most powerful motivators for product and service innovation for corporations. So if you adopt an economic system that essentially eliminates competition and profits, you kill that motivation to innovate.

[–] Nowyn@sopuli.xyz 1 points 1 year ago

While I mostly agree with you I don't think country-owned companies or even monopolies are always bad. There needs to be a huge amount of real separation between politicians and those companies but it can work. In mine, both gambling and alcohol spirits stores are monopolies and owned by a country. Profits from gambling are distributed to grants for health and social welfare nonprofits. The question is if my country with very little corruption is the exemption that confirms the rule or if, if you do it right, it can work.

I also do not believe communism without very solid safeguards can work and those would need to be applied almost at the start. I am also pessimistic about human nature these days and am not sure if there can ever be enough safeguards to protect that model from misuse. I am what you could call a democratic socialist. I believe in mix and match where public and private companies can work in the same economy. Although I do oppose land resources being sold, especially as they are usually sold with a pittance for companies to profit. And I am not talking about private persons selling their land's resources but government land resources. Selling them really doesn't often make economic sense unless extraction would require a really high investment. Ecologic considerations should also be taken a lot more into account.