Markets respond only to profit changes, and even then they are far from perfect. It’s simply an economist fiction that they are uniquely good at adaptation, one proof being the utter failure of markets to handle the global catastrophe climate change is going to cause.
Markets respond to the needs of the market. Historically speaking this works much faster in market based economies than centrally planned economies because market economies don’t require prestidigitation to function correctly.
No one claims market economies are perfect just that they function better than planned ones at our current technological levels.
Central planned economies have resulted in devastated ecology as well. Industrialized economies are the real cause not the economy running them.
Markets find the need of a market and respond to it only when there is profit. It is completely uninterested in other needs, this is why externalities are a problem.
I don’t hold it to the standard of perfect, but markets are simply not effectively dealing with the realities of climate change.
Industrialization is definitely an issue, the larger issue is that with economies exclusively driven by markets, even when every knowledgeable person on the matter is aware of an issue like climate change, markets need to be fought and bent against their very nature to deal with the fact that it’s less profitable to take care of the environment.
Markets find the need of a market and respond to it only when there is profit. It is completely uninterested in other needs, this is why externalities are a problem.
Externalities exist in all systems. Im not sure why you are mentioning them in this case given they are not unique.
The reality is markets respond much more rapidly and accurately than planned economies can. This might change if AI becomes a reality but right now planned economies will continue to be less efficient.
I don’t hold it to the standard of perfect, but markets are simply not effectively dealing with the realities of climate change.
That is true for planned economies as well.
Industrialization is definitely an issue, the larger issue is that with economies exclusively driven by markets, even when every knowledgeable person on the matter is aware of an issue like climate change, markets need to be fought and bent against their very nature to deal with the fact that it’s less profitable to take care of the environment
Not really and again it isn’t as if environmentalism has been the focus of the Marxist states IRL either. The USSR was devastating to their environment.
Externalities exist in all systems. Im not sure why you are mentioning them in this case given they are not unique.
I bring them up because they demonstrate my point. Externalities need to be taxed because profit is the only need markets respond to, which was my point.
The reality is markets respond much more rapidly and accurately than planned economies can. This might change if AI becomes a reality but right now planned economies will continue to be less efficient.
Only using a contorted definition of efficiency that favors markets, namely maximizing GDP. It does not speak to the efficiency of throwing away food, cutting up old clothes, letting people die from curable illness, or to reiterate the point, making the only planet we’ve ever seen sustain life unsuitable for us because it’s simply impossible to convince market economies to seek anything other than profit.
Not really and again it isn’t as if environmentalism has been the focus of the Marxist states IRL either. The USSR was devastating to their environment.
Agreed, the USSR was also going through rapid industrialization. The difference is market economies have an absolute global hegemon, and still cannot meaningfully address the reality of climate change because it would effect profits.
Only using a contorted definition of efficiency that favors markets, namely maximizing GDP. It does not speak to the efficiency of throwing away food, cutting up old clothes, letting people die from curable illness, or to reiterate the point, making the only planet we’ve ever seen sustain life unsuitable for us because it’s simply impossible to convince market economies to seek anything other than profit.
Except all of those things happen in planned economies too the difference is it is incompetent planning behind these and there’s no fix in the planned economy.
Your whole perspective seems to be ignoring all of the faults the planned economy shares with capitalism while only highlighting capitalism as the whole issue when that isn’t the case.
I disagree, but to the more important point you still seem to dance around the fact that market economies have had decades to align with the incredible wealth of science describing the problems we are facing, and failed to do anything more then gesture at solutions.
Like genuinely, what good is all this ‘efficiency’ if it’s killing us and refusing to change?
They are not responsive and they are not adapting anywhere near what is needed because there is no profit in doing so. China is still largely a market economy, but the centrally planned aspects allow it to push much harder towards a de-carbonized economy compared to the west.
China is still largely a market economy, but the centrally planned aspects allow it to push much harder towards a de-carbonized economy compared to the west.
Source on the planned aspects being what drove the decarbonization?
I’m getting pretty tired of this conversation though if we are at the point of arguing if, the choices of state own energy and public transit companies, following state directives, are not planned.
Markets respond only to profit changes, and even then they are far from perfect. It’s simply an economist fiction that they are uniquely good at adaptation, one proof being the utter failure of markets to handle the global catastrophe climate change is going to cause.
Markets respond to the needs of the market. Historically speaking this works much faster in market based economies than centrally planned economies because market economies don’t require prestidigitation to function correctly.
No one claims market economies are perfect just that they function better than planned ones at our current technological levels.
Central planned economies have resulted in devastated ecology as well. Industrialized economies are the real cause not the economy running them.
Markets find the need of a market and respond to it only when there is profit. It is completely uninterested in other needs, this is why externalities are a problem.
I don’t hold it to the standard of perfect, but markets are simply not effectively dealing with the realities of climate change.
Industrialization is definitely an issue, the larger issue is that with economies exclusively driven by markets, even when every knowledgeable person on the matter is aware of an issue like climate change, markets need to be fought and bent against their very nature to deal with the fact that it’s less profitable to take care of the environment.
Externalities exist in all systems. Im not sure why you are mentioning them in this case given they are not unique.
The reality is markets respond much more rapidly and accurately than planned economies can. This might change if AI becomes a reality but right now planned economies will continue to be less efficient.
That is true for planned economies as well.
Not really and again it isn’t as if environmentalism has been the focus of the Marxist states IRL either. The USSR was devastating to their environment.
I bring them up because they demonstrate my point. Externalities need to be taxed because profit is the only need markets respond to, which was my point.
Only using a contorted definition of efficiency that favors markets, namely maximizing GDP. It does not speak to the efficiency of throwing away food, cutting up old clothes, letting people die from curable illness, or to reiterate the point, making the only planet we’ve ever seen sustain life unsuitable for us because it’s simply impossible to convince market economies to seek anything other than profit.
Agreed, the USSR was also going through rapid industrialization. The difference is market economies have an absolute global hegemon, and still cannot meaningfully address the reality of climate change because it would effect profits.
Except all of those things happen in planned economies too the difference is it is incompetent planning behind these and there’s no fix in the planned economy.
Your whole perspective seems to be ignoring all of the faults the planned economy shares with capitalism while only highlighting capitalism as the whole issue when that isn’t the case.
I disagree, but to the more important point you still seem to dance around the fact that market economies have had decades to align with the incredible wealth of science describing the problems we are facing, and failed to do anything more then gesture at solutions.
Like genuinely, what good is all this ‘efficiency’ if it’s killing us and refusing to change?
They are not responsive and they are not adapting anywhere near what is needed because there is no profit in doing so. China is still largely a market economy, but the centrally planned aspects allow it to push much harder towards a de-carbonized economy compared to the west.
Source on the planned aspects being what drove the decarbonization?
Here is a summary from Yale reflecting the outlines of THE 13TH FIVE-YEAR PLAN FOR ECONOMIC AND SOCIAL DEVELOPMENT OF THE PEOPLE’S REPUBLIC OF CHINA, and Outline of the People’s Republic of China 14th Five-Year Plan for National Economic and Social Development and Long-Range Objectives for 2035.
I’m getting pretty tired of this conversation though if we are at the point of arguing if, the choices of state own energy and public transit companies, following state directives, are not planned.