Also cooperatives exists, and in many ways are more successful than their traditional capitalistic counterparts, providing a system to help "reconcile egoistic actors" by rewarding cooperation and solidarity rather than competition and utility maximization.

[–] BlackLaZoR@lemmy.world 0 points 1 day ago (1 children)

I listened to the discussion so far. The proposed system is still capitalism, but with some tweaks. IMO rather clumsy tweaks since there's no clear definition what common good even is.

And instead of some point system, you can just collect taxes to finance welfare for citizens, which is exactly how EU economies work. In most cases taxation is progressive so it's not like rich CEOs aren't paying exponentially more than avg citizen.

[–] vonbaronhans@midwest.social 1 points 16 hours ago (1 children)

In the US, progressive taxation gets called communism, lol.

But yeah. That's kinda what I meant with my original comment. The more progressive EU economies are, to my understanding anyway, outcomes from the more reformist socialist traditions - using the existing democratic government to round off the excesses of unregulated capitalism. And I would take that any day of the week.

[–] BlackLaZoR@lemmy.world 1 points 11 hours ago

IMO income tax in general does more harm than good. My opinion is that government budget should be financed by taxing consumption.

If you're trying to build your wealth and take advantage of compounding interest, income tax (especially capital gains tax) absolutely crushes it.

[–] magnus@venner.network 2 points 1 day ago (1 children)

@BlackLaZoR @vonbaronhans you might be egoistic, but don't assume people broadly to be so

[–] BlackLaZoR@lemmy.world 1 points 1 day ago (1 children)

Point is every society has significant number of egoistic actors. You can't design a socio-economical system with assumption that everyone will just work for "common good"

[–] magnus@venner.network 0 points 1 day ago (1 children)

@BlackLaZoR the difference is that in a hierarchical system (like capitalism, where capital concetrates), those egoistic people tend to be at the top of society.

Capitalism is a horrible bad solution to dealing with egoistic people

[–] BlackLaZoR@lemmy.world 0 points 1 day ago

First, Egoist =/= Evil and Altruist =/= Good

Worst criminals of history often justified their crimes with "higher need" or some other noble goal.

Second, it's the best solution that has been proven to work. And it's the best solution because it aligns incentives.