Posted: Apr 13, 2020 2:45 am
by Hermit
OlivierK wrote:
Hermit wrote:
OlivierK wrote:
gobshite wrote:
That's debatable, given a general inability to price in externalities and longer term costs like global warming.

Failures to price in externalities are failures of government.

True, but are you perchance suggesting a disconnect between governments and economic systems?

I'm suggesting that government and capitalism both have roles, and that those roles are distinct, in a mixed economy social democracy.

Thinking of Australia and the USA, but also - albeit to a less extent - mixed economy social democracies, I sometimes wonder: When a business tycoon dies, who inherits his/her members of parliament/congress/bundestag/...?