-
31 votes
-
Norway's sovereign wealth fund gains more than £90bn during 2020 – central bank stimulus pushes up value of shares
6 votes -
No one knows how much the government can borrow
14 votes -
Making sense of sky-high stock prices
11 votes -
Is capitalism devouring democracy?
5 votes -
The Great Depression explained, globally
3 votes -
In America, Christmas trees are a multibillion-dollar business. But who’s making the money?
12 votes -
The fraying of the US Global Currency Reserve System
11 votes -
Is planet Earth full?
8 votes -
The new macro: "Give people money"
12 votes -
The Stable Marriage Problem
12 votes -
An in-depth exploration of the virtual economy
5 votes -
What happened in the US Treasury market in March 2020? Take 1 of 4.
6 votes -
Rethinking causation in economics
7 votes -
WTF happened in 1971?
16 votes -
This is neoliberalism
17 votes -
Credit-based communication platforms?
Does anyone know of any communication platforms [1] which use a credit system or have a 'cost' attached to actions such as making a post or commenting? I am imagining something like Reddit or a...
Does anyone know of any communication platforms [1] which use a credit system or have a 'cost' attached to actions such as making a post or commenting? I am imagining something like Reddit or a forum where users have a balance, and actions have a cost which is charged against that balance. So if I have 100 credits and posting in r/whatever costs 2 credits/post and 1 credit/comment then that limits the amount of interaction in that sub.
I am wondering if a cost system like this would be useful for moderation or to promote high-value content, since it effectively turns the platform into a market. One effect of this system is that it would discourage low-value posts/replies/comments, because there is a cost associated with making a post, namely opportunity cost of posting something else later. Perhaps the credits are purchased with real-world currency, which I assume would amplify this effect?
I imagine a sustainable system would have some way to reward users of high-value content with more credit so they are incentivised and able to produce more content: maybe upvotes count as credit, or users can donate credit to each other?
[1] I hope this term is vague enough to encompass all forms of modern digital communication. I am curious about direct communication (email, WhatsApp, ...) as well as social media in its various forms (Reddit, Tildes, Twitter, ...), niche platforms (Letter), wikis, fora, and anything else under the sun.
12 votes -
Can economic growth last?
8 votes -
Breadtube vs economics #1: Response to Philosophy Tube on housing
13 votes -
What is the right price for fashion?
7 votes -
Can we save energy, jobs, and growth at the same time?
5 votes -
Understanding measurement issues is key to understanding ‘economic growth’
5 votes -
The economics of vending machines
9 votes -
Why you can't boycott Amazon (and shouldn't even try)
13 votes -
Ecocredits, on how to use capitalism to solve global warming
5 votes -
Lengthy era of rock-bottom interest rates leaving its mark on US economy
10 votes -
The disruption con: Why Big Tech’s favourite buzzword is nonsense
6 votes -
Industrial literacy
6 votes -
RAND study uncovers massive income shift to the top 1% - The median worker should be making as much as $102,000 annually—if some $2.5 trillion wasn’t being “reverse distributed” every year
33 votes -
Politics is an American industry
5 votes -
How to think about the deficit by James Tobin
6 votes -
Why don't we just ban the buying, selling, and merging of companies?
With the ever-growing stream of acquisitions and mergers, it got me thinking: Why do we permit companies to do this? What would the harm be in banning this practice? If a company is becomes...
With the ever-growing stream of acquisitions and mergers, it got me thinking: Why do we permit companies to do this?
What would the harm be in banning this practice? If a company is becomes insolvent, release all of it's IP to the public domain, dissolve all patents/trademarks, and sell off physical assets to pay debtors (first of which should be former employees IMO, but that's a separate discussion).
Edit: I think my original intention of the post to kick off some interesting discussion has worked. Thank you to all current and future posters!
16 votes -
"We have capitalism for the poor and socialism for the rich" - Mark Blyth
13 votes -
Doesn’t feel like a recession? You should be paying more in taxes
12 votes -
David Graeber has died
16 votes -
The value of extended families
6 votes -
The economics of a nuclear reactor
7 votes -
The stock market looks like the Bitcoin economy, and that’s not a good thing
9 votes -
Home ownership is the West’s biggest economic-policy mistake. It is an obsession that undermines growth, fairness and public faith in capitalism leaders
23 votes -
How is the stock market at an all time high?
8 votes -
Theorizing racial capitalism
4 votes -
Norway's wealth fund loses £16bn in first half of 2020 after Covid panic – state support has restored investor confidence but fund expects more market turmoil
7 votes -
The recession is over for the rich, but the working class is far from recovered
7 votes -
In praise of idleness
11 votes -
Millennials slammed by second financial crisis fall even further behind
15 votes -
How not to lose the lockdown generation
9 votes -
Sweatpants forever
13 votes -
"Harbinger households" : Neighborhoods that consistently buy products that get discontinued, buy real-estate that underperforms, and donate to losing political candidates
12 votes -
Angrynomics: How reform of capitalism in the last twenty years reflects a failure of ideas
8 votes -
For the people who want capitalism to be replaced by some form of socialism, why?
(Yes, I know "socialism" and "capitalism" are vague terms, hence why you should probably very much clarify what type of "socialist" system you want, since "socialism" can be anything from market...
(Yes, I know "socialism" and "capitalism" are vague terms, hence why you should
probablyvery much clarify what type of "socialist" system you want, since "socialism" can be anything from market socialism, Marxism-Leninism, Syndicalism, democratic socialism, Trotskyism, anarcho-socialism, anarcho-communism, Luxemburgism, etc. Also, I'm a far cry from informed in this, so please correct me when needed.)So anyway, if you call yourself a socialist or at least want to abolish capitalism, why?
So for the best reasons I have seen are:
- Capitalism is inherently hierarchical and incompatible with democracy, which is egalitarian.
Obviously not all types of socialism (I.E, most types of socialism that have been tried for more than a few years because they weren't overthrown or voted out) are egalitarian however and many of these systems are completely centralized.
- Big companies will naturally use the state to their own advantage, as capitalism is driven by self interest instead of any vague marker of "competition".
The main argument against this is that you definitely regulate capitalism to be more competitive with stuff like antitrust without abolishing the whole thing.
18 votes