In part 2 covering the question, can our planet survive capitalism, I cover the argument on resource allocation in response of what Francesca Fiorentini argues.
The argument relative to GDP and production in general from what Francesca is saying i…
In part 2 covering the question, can our planet survive capitalism, I cover the argument on resource allocation in response of what Francesca Fiorentini argues.
The argument relative to GDP and production in general from what Francesca is saying is that overproducing creating waste is why we need to overthrow capitalism. The problem with this argument is that we don't live under a capitalist system, we live under corporatism and socialism through socialist government interventionist policies resulted in the surplus waste problems, as well as the resource allocation problem we see today.
The way Francesca is arguing is almost as if to say because production goes to waste due to inefficiency, then we need to drastically cut back on productivity altogether. It sounds almost as if she is arguing to take us back to a period of life before the Industrial Revolution.
Again, you can check out both videos I made on the economic calculation problem, which is the resource allocation problem, in both parts I covered on profits and losses and on the variety of options where I go more into detail on this subject matter:
• Economic Calculation Problem: Profits & Losses
https://www.youtube.com/watch?v=mVbbFVKWdhI
• Economic Calculation Problem: Variety of Options
https://www.youtube.com/watch?v=bFoqXD_o6Wc
The economic calculation problem (resource allocation problem) is primarily the reason why socialism is so inefficient, why the Soviet Union resulted in such waste as both Soviet Union economists Shmelev and Popov pointed out themselves. The problem cannot be solved by technology as no technology can read the human mind and humanity is never going to accept living in an Orwellian surveillance state, we're already fighting for our liberty from all of that today.
So, even if we were to go along with her argument about climate change, how would socialism solve the problem? It would create an even GREATER problem, in fact, a problem so cataclysmic it would result in most o..
