Notices by Elliott Branch (brancheb@mstdn.social)

@Radical_EgoCom Don’t confuse political economy with something that has an answer.

@Radical_EgoCom What you’ve described in your answers could be considered a version of capitalism. The point is the answer to these questions is not simple and requires societal consensus. You may be closer to Reich than I am. 😀

https://5minutebooksummary.com/saving-capitalism-summary/

@Radical_EgoCom What can owned and under what conditions? What can be sold and under what condition? How much market power should an entity be allowed to have? How do we deal with economic failure? What laws should address questions 1-4?

@Radical_EgoCom Capitalism is a society’s answer to five basic questions (See Robert Reich’s book on capitalism.) The questions are valid, but the way we answered them sucks. We need to answer the questions better.

@mckra1g @Radical_EgoCom Amen, and it’s also not capitalism, it’s oligopolism. (I hate inventing words, but sometimes it’s necessary.)