Monday, 28 October 2013

Capitalism doesn't work

The problem with capitalism is that we rely on people being vulnerable to make a profit. If everyone has everything they want then the capitalist can make no money and they will starve. Communism doesn't work either and so we are left with Georgism which is the political philosophy where people are left to live for themselves on the land. Individually people try to become farmers so they are able to support themselves without relying on the labour market. They are free to trade their goods and services but this is not the source of their sustenance (they do not rely on this income to stay alive). Using the land they are perfectly self-sufficient.

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