Current Events — HabitableZone

Current Events » in reply to P.S.

re: P.S.
Greg — (archived)

The point is the more chaos theory is understand the more finely and efficiently things can be made. That's because they can tell more precisely when parts are likely to suddenly break. In the same way an economy can be made more efficient by predicting when parts will break and cause large amounts of damage.

That's where socialism comes in because capitalism tends to cut costs more and more finely in competition as people push to the limits. This can bring the whole system close to catastrophe if not checked. That's why regulations sometimes work well and why when they are removed there is often a disastrous result. People compete to the point where they sail too close to the edge.

The main complaint against capitalism is not that it creates wealth but that it also sometimes creates disasters. The main complete about socialism is not that it protects from disasters but that it retards the creation of wealth. It's all a question of balance.

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