• 1 Post
  • 2 Comments
Joined 2 years ago
cake
Cake day: July 2nd, 2023

help-circle
  • Agreed. I feel as though capitalism is a good option for things which can have elastic demand. Luxury items, entertainment, etc can all benefit from a competitive market because I have the luxury of not needing to buy them. On the other hand, I do absolutely need food, housing, and healthcare in order to live. Applying supply and demand principles when demand must be inelastic only leads to people getting hurt.

    My dream system would be one in which, as a baseline, all human requirements for survival are provided no matter the situation, and where currency is only used for luxuries.