Current Events > philosophy majors love socialism, finance majors hate it

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Damn_Underscore
07/18/19 4:58:51 PM
#51:


Socialism by definition is social ownership of the economy, which generally just turns into government control of the economy because it is impossible for people to self-run an economy outside of a village scale.

And that is where socialism will fail. Unless everyone in a region wants socialism (or communism), it can't work, and the bigger a region gets the more impossible it gets to have everyone want socialism, especially if it is forced upon them.

So no, the Nordic countries are not socialist countries and if you actually want the US to become anything like the Nordic countries, you are doing a dissiverice by not trying to remove any association with socialism.
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Balrog0
07/18/19 5:01:12 PM
#52:


tennisdude818 posted...
My assumption was that philosophy professors are largely responsible for this.


I would assume its more of a self-selection thing to be honest
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Questionmarktarius
07/18/19 5:02:32 PM
#53:


Damn_Underscore posted...
And that is where socialism will fail. Unless everyone in a region wants socialism (or communism), it can't work, and the bigger a region gets the more impossible it gets to have everyone want socialism, especially if it is forced upon them.

The reality of any given redistribution scheme, is that it exists at the grace and mercy of those being redistributed from.

The alternative, of course, is guillotines, but the critical flaw in eating the rich is figuring out who to eat tomorrow.
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Balrog0
07/18/19 5:21:34 PM
#55:


Godnorgosh posted...
Philosophy professors don't do this. Like other professors, they educate students on concepts without prescribing a "correct" worldview. It just so happens that someone who is educated on Marxism is more likely to incorporate it into their understanding than someone who is not.


Oh, I dunno, I feel like professors in the humanities and social sciences do this in various different ways, and I can see the way it might influence either group of students without directly telling you what to think. Having taken economics and philosophy classes and having not majored in either, though, I suppose my view is pretty limited. Anyway, I think its more likely that the kids who choose to do econ are more conservative and those who choose philiosophy are less so to begin with
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legendarylemur
07/18/19 5:22:29 PM
#56:


Questionmarktarius posted...
Damn_Underscore posted...
And that is where socialism will fail. Unless everyone in a region wants socialism (or communism), it can't work, and the bigger a region gets the more impossible it gets to have everyone want socialism, especially if it is forced upon them.

The reality of any given redistribution scheme, is that it exists at the grace and mercy of those being redistributed from.

The alternative, of course, is guillotines, but the critical flaw in eating the rich is figuring out who to eat tomorrow.

Yeah it could probably work if an AI developed advanced enough to automate redistribution, but then we'd end up getting dystopias lul. Who truly knows how dystopic it will be in actual practice though? I think humans will feel self-fulfilled enough to not care that their role ends up largely out of their ambitions
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averagejoel
07/18/19 10:07:37 PM
#57:


Balrog0 posted...
tennisdude818 posted...
I think a particular Thomas Sowell quote fits very well here:

Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it.


how are these people at different levels of intellectualism?

isn't Thomas Sowell the guy who can't think of a larger issue facing society than the allocation of beachfront homes
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pls
07/19/19 8:28:50 PM
#58:


so many comrades on CE
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Questionmarktarius
07/19/19 8:58:58 PM
#59:


averagejoel posted...
Balrog0 posted...
tennisdude818 posted...
I think a particular Thomas Sowell quote fits very well here:

Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it.


how are these people at different levels of intellectualism?

isn't Thomas Sowell the guy who can't think of a larger issue facing society than the allocation of beachfront homes

Sure, if you've missed the entire point.

Basic Economics, fifth edition (p. 14)
Many people see prices as simply obstacles to their getting the things they want. Those who would like to live in a beach-front home, for example, may abandon such plans when they discover how extremely expensive beach-front property can be. But high prices are not the reason we cannot all live in beach-front houses. On the contrary, the inherent reality is that there are not nearly enough beach-front homes to go around, and prices simply convey that underlying reality. When many people bid for a relatively few homes, those homes become very expensive because of supply and demand. But it is not the prices that cause the scarcity. There would be the same scarcity under feudalism or socialism or in a tribal society.

If the government today were to come up with a plan for universal access to beach-front homes and put caps on the prices that could be charged for such property, that would not change the underlying reality of the extremely high ratio of people to beach-front land. With a given population and a given amount of beach-front property, rationing without prices would have to take place by bureaucratic fiat, political favoritism or random chancebut the rationing would still have to take place. Even if the government were to decree that beach-front homes were a basic right of all members of society, that would still not change the underlying scarcity in the slightest.
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