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Notes -
Let's talk socialism and the NYC mayoral race. Apparently the All-in podcast people think it's a sweeping wave that will drown out Progress with a capital P. London, Vienna, Chicago, and of course the California cities have already had socialist mayors for a while. Why not New York?
Honestly despite being a "conservative" I am broadly quite sympathetic to socialist arguments. I do think free markets actually kind of suck, inasmuch as we can even have free markets. Personally I think free markets don't really exist when you take into account that power abhors a vacuum, but they are a fiction with extremely high utility to create material goods.
Anyway, socialism seems like a fair response to the complete ineptitude of our political class. It's weary writing and thinking about politics when even the best laid plans seem to inevitably just get ground down by the dumbest things. I can completely understand why young folks want to just socialize everything.
Not that I agree with them, but hey, sometimes I wish I were still naive enough to think socialism or any -ism could fix the ills of our society. I sadly am not that optimistic.
That being said, I don't think society is unfixable. I just think that political solutions are pointless. We need what has always been the core of strong societies - a culture that promotes and encourages personal virtue. Without that, you have nothing.
Road to hell is paved with good intentions. I am fairly sure that Marx's ideas didn't include people being boiled alive by NKVD but that is what we got in the end.
The problem with socialisms are two - people are selfish and tragedy of the commons. For the first the only socialist solution that works so far is to beat them into submission. For the second - there is no found cure yet for people not giving a shit for the common good under socialism.
I agree with you regarding your critiques of socialism, but
This describes a huge % of issues the capitalist West is currently failing to deal with too
Not quite. The first part - selfishness is usually nudged to be somewhat aligned with the society's interests by the free market. Before Madison avenue takeover of the american economy companies were actually competing with producing better and cheaper items. We had similar boom with electronics in the 80s and 90s, game industry in 2000s. We have such with chinese phones and cars. All those people may have been passionate about their products, but they were passionate about money too.
The second part - yes there is also tragedy of the commons, but just by the nature of the system - the commons are smaller. So there is less tragedy to be had.
What does this mean?
In a free market the better product wins. In the last couple of decades the better marketed product wins. Which is not optimal for customers
Ahhh
That's an interesting concept. Any good examples? Why do you think the model of "the customer is a rational economic agent who buys the best things for themselves" has fallen apart recently? What changed in the marketing world to allow companies to leverage marketing to make up for sub-par products?
This is for an effortpost that I am not qualified to do. But I think it is combination of two things - women entering the workforce and being single - they just have different buying patterns than men. As every geek that has been forced to buy more expensive and with shittier spec laptop for his girlfriend just because this is such a nice shade of blue. And the other is that marketing stopped selling products, they started selling desire, status, dreams.
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