NSFW Anon Archived We need to get away from a consumption based system (QRV)
submitted ago by 3030618?
Posted by: 3030618?
Posting time: 1.8 years ago on
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Archived on: 5/13/2019 10:00:00 AM
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NSFW Anon Archived We need to get away from a consumption based system (QRV)
submitted ago by 3030618?
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[–] 16717808? ago
Our economy is based on production, not consumption. Investment of time and capital is what creates the goods and services that others consume - this is the basis of a market. If people want those things you mention, the market will respond. There should be no central planning, rulemaking, or other body that forces anyone to produce or buy anything. Period.
[–] 16720523? ago (edited ago)
That whole problem is that damned “invisible hand”.
[–] 16718975? ago (edited ago)
That's not logically consistent.
If production is dependent on consumption to exist, it logically can't be the foundation - or you're just playing kind of silly semantic games.
People shouldn't be forced to buy or produce, but that's an issue of personal freedom we definitely need guide rails - i.e. people being told they can't buy or produce certain things at certain times.
A perfectly free market can only work if:
1) consumers act in a rational self interest
2) producers act in a rational self interest
3) there is a perfect information exchange working along side it, so consumers and producers are able to decide things rationally
One only needs to look at the last couple elections to see that none of those are currently true. I'm not sure if they ever will be.
Don't ignore the history of our country, we moved away from a totally free market for a reason. What we do need to do is make sure we work to improve to make a free market as viable as possible and meddle as little as possible.
[–] 16794846? ago
production is not dependent on consumption. I can go out and work the field and produce food. My labor provides me with abundance I can use to accomplish other things. A perfectly free market always works if you accept there will be correction. Certainly people can't always act in a rational way.
I'm just not sure where you are going with this. Describing how markets work isn't ignoring history - market meddling is what gets us the mess we have today.