Just posted this other thought on another board:
"I don't think we'll have social-democracy nor will we rein in speculation (which is the best thing we could do) by either (paradoxically) more regulation or total deregulation. The bailout was a signal that the paper economy is A-OK with both parties."
Dr. Medulla wrote:I'm curious about your notion of stability—or at least what you mean by it. Human beings, being adaptable fucks, can make any system stable if there's a critical mass that is satisfied with the system. So it gets down to expectations of what your life should amount to and whether the economic, political, and social systems are delivering it to enough people. So questions of stability are dependent on the expectations of the citizenry not the actual system employed, no?
Stability vis-a-vis other systems. I agree that people can make things work for a time (which is why the USSR lasted as long as it did, although I'll note part of that was the black market economy), but at the same time there are tensions in societies that produce systemic change or even collapse. This is more an economic argument than anything. I'll have to put a disclaimer here that I'm about to make some extreme simplifications here since this isn't a specialist board. OK so as I said, these services need to be paid for. But people behave in relatively predictable ways--if you create disincentives to investment, they're less likely to invest. That in turn means less growth and less overall economic activity which makes it harder to pay for those services and in turn makes the burden
of paying for those services harder to bear, and it sort of amplifies from there. Eventually you will end up with rather major pressures to roll back the services and deregulate the market. Like I said, this is just a simple example and just one component of it. The economic sustainability just seems questionable to me since it will tend towards stagnation.
I feel that there is a fascistic element, for example, in the Rolling Stones . . .
— Morton Feldman
I've studied the phenomenon of neo-provincialism in self-isolating online communities but this place takes the fucking cake.
— Clashy