Nobody 31 points 3 years ago

The architect never believed in the fundamental design. That’s sobering.

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ComradeSalad 15 points 3 years ago

While still flawed and ultimately pale in comparison to socialism, his economic vision was still light years better then the utter dystopian hell we have entered.

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ProfessorPuzzleCode 24 points 3 years ago

Yeah, this is not definitely attributed to Keynes, and earlier verions of it by other people paint this in a slightly different way as a positive point, that even nasty people work for the benefit of all. Many versions have been attributed to Keynes, both as a positive and a negative for capitalism.

https://quoteinvestigator.com/...

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Mchugho 1 point 3 years ago

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Mchugho -5 points 3 years ago

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Vertraumir 2 points 3 years ago

Cry more

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Mchugho -4 points 3 years ago

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trailing9 -65 points 3 years ago

Competition is key. If they work together, it's to the detriment of all.

The problem of capitalism is that managing the competition becomes too complicated. Additionally, competition leads to price distortions. That can also become problematic.

The beauty of capitalism is that it rewards cooperation which makes it ugly because the lack thereof shows our deepest rifts.

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RTRedreovic 49 points 3 years ago

This word salad may look good but tastes absolutely bland.

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PolandIsAStateOfMind 54 points 3 years ago

It don't even look good. Competition by its very nature leds to concentration and eventually to monopoly/cartel.

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trailing9 -32 points 3 years ago

Yes, that's why it becomes complicated. Monopolies can be taxed to create space for competition but who prevents the authorities from being corrupted?

So better create something without competition. But humanity hasn't settled on a system. Meanwhile, competition has to be managed.

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PolandIsAStateOfMind 33 points 3 years ago

This isn't complicated this is one of the most simple and most visible mechanism in capitalism. Even Keynes seen that, just his answer was unfeasible for a prolonged periods.

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Shinhoshi 24 points 3 years ago

humanity hasn’t settled on a system

If only someone would invent some kind of alternative to capitalism… maybe some German dude named Karl?

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GrainEater 7 points 3 years ago

folks, we have found the ultimate debate pervert

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