/sci/ - Science & Math

>>12789755
Capitalism is the best economic system and nothing will be able to top it. The emergence of capitalism in 1750 is the best thing that happened in the history of mankind in terms of material living conditions.

Seethe harder commie.

>>11893172
I'm not the guy you replied to, but capitalism has existed since 1750, and it has led to an explosion of economic growth, technological development and improvement of living standards like no other system. Communism and command economies do not work as an alternative because they discourage competition and thus innovation (Soviets lost the CW because they couldn't keep up with Western tech, in particular computers), the Soviet system also promotes nepotism, shortages, breadlines, etc. as the market system is not allowed to function and price signals disappear. So, with current technology, capitalism is by far the best mode of social organization mankind has come up with.

All that being said, it is possible, that in the far off future, as technology and automatization continues to advance, the cost of production of goods will drop to near zero, and we will move to a post-scarcity Star Trek utopia, with an economy on which everyone on Earth has its basic needs guaranteed, and people work only on a voluntary basis for the sake of it rather than to survive, similar to how the "Libre Software" industry (Linux, Firefox, etc.) works, where there is already something closer to a post-scarcity situation (copying a program to your hard drive costs ~0).

That still wouldn't be communism though. You would have a market, and competition, possibly wages and prices as well, depending on how low costs go, I would argue it would be a more advanced form of capitalism. I don't see markets ever going away since it's the most efficient way to allocate resources.

>>11881621
I don't know what the fuck you are talking about. Poverty has gone down on every region of the world since the 1970s. Though a few countries buck this trend when you look at it overall life is by definition, easier than it was back then.