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jongjong • today at 3:02 AM • 1 reply • view on HN

This is why I think communism would make sense in our current reality. If everyone got paid the same, then it would be fairer than what we have now where everyone gets paid a random amount with no correlation with skill or effort.

Capitalism made sense with small companies where each individual had more or less direct exposure to the markets. One bad employee would drag down the company. You couldn't hide or manipulate your way to the top if you weren't good at creating value and skilled people could actually start their own companies and compete. Now with huge corporations which own the economy, the markets don't work to begin with, and also, people within the big corporations are rewarded randomly at best or worse; in a counter-productive manner.

This inefficiency is highly destructive because of how the system compounds wealth. You end up with random people with zero value-creation skills and zero vision having millions or billions of dollars and deciding everyone else's lives.


Replies

gunslinger_meta • today at 10:27 AM

That's the stupidest thing I've ever read. If you think racing to the top produces inefficiency, racing to the bottom (Communism) produces even more, as evidenced by all the samples we have at this point.

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