There is no way to beat around this bush. We humans are still the ruthless animals and belong to the same animal kingdom. And while at an individual level we have sobered up to behave as an empathatic unit of ideas / programming, at the institutional level we are far from imbibing these characterics.
This shows in the performance of our governance systems, religion, all other organized institutional formats but most of all it shows in our financial architecture.
While this plays out across layers of human interaction over the millentia but especially so over the last few centuries for which we have recorded history available.
While the history has glorified the victors and attempted to erase the existence of the vanquished; the very records available as biased as those may be throw up patterns for those observing to be able to join the dots and create the true picture of the operative framework/s of what was actually taking place. Minus the verbosity, minus the desperate need to showcase one / one's race as the righteous ones.
Institutional packaged education factories have been created dedicated to this shallow detox bleaching of the events of history. Whole libraries have been curated for the purpose and this mass brainwashing has been continuing for multiple generations and across the world. And for the most part even a premium has been charged for this. Some Irony.
But this process had to take place following the natural progression of the truth appearing as the multiple layers of fake narratives have been eroding thanks to time and the joint efforts of those desirous of setting the records straight as also the potent need to bring back the self respect of one's ancestors.
After this slight rant here comes the relevant content.
Here we will attempt to analyze the most popular economic models and try to decode what these mean to achieve in theory as also how this translated to what actually happens in the real world especially over the years as these models are put to multiple kinds of stress tests to evolving civilizational pulls and pulls.
Capitalism:
Often positioned as financial utopia by its supporters this model isn't compatible with the currently practiced western template of democracy that came about via seeds of imperialism.
While there is no denying capitalism it the most suitable model that creates the right conditions where individuals benefitting from it are able to explore their full creative & intellectual potential as they get access to products and services that allows them to focus on the activities where their strengths can put to best use...the key is those benefitting from it.
Another factor that goes in its favour is that a basic+ lifestyle can be attained by the masses while the creme of the resources are reserved for those at the top. Other systems in practice also provide a similar access to such opportunities under ideal conditions so this model trumps the others on this count too.
Furthermore, with collective efforts focussed on a mass of potential customers, it does bring down costs while improving the quality of products and services and as a consequence improving the life of their customers...in effect they are providing a social service for their motive of personal profit. A similar product / service may not have come about in the first place if left to the creativity of the government infrastructure.
In effect capitalism upgrades a governance cost centre to a private balance sheet profit centre while creating new ecosystems acrosss products / services / innovations.
This is innovation and finance componded as the cost of creating one innovation isn't a load on the government nor is its sustainence plus it creates competitition that also brings in more finance, innovations, human resources etc. and these procurement, sales and salaries generate further taxes for the government while competition spurrs further innovation.
The undoing of capitalism for the most part and in the current state of the world appears to be financialization.
Socialism:
Strictly going by definition: Socialism is a political and economic system that advocates for public ownership of the means of production and distribution of goods. It's based on the idea that public ownership of resources and the means of production will lead to a more equal society.
In a nutshell it's a combination of shared ownership and control via the government / state of the means of production and property plus the idea that everything people produce is a social product.
In theory and especially if you are young idealistic student getting early age experience of how unfair / unforgiving / inefficient the world can be; this makes for the perfect template.
One more reason students fancy this is because they are already having a commune type experience in their college campus and assume the quality of life they are experiencing are due to socialism. Quite to the contrary, if they are having a good socialist experience, chances are that they are benefitting off the fruits of some other economic system most likely capitalism as observed in last few decades or based out of material wealth safeguarded in their country having a use in some other capitalistic economy in some other apart of the world.
An economic model that can be referred to as liquid oxygen. The liquid won't let you live and the oxygen won't let you die.
While even thousands of brain researchers are finding it difficult to understand how the human mind works; economists think they can predict human behaviour in all its manifesations when their economic freedoms are curtailed or even worse snatched away from them.
Financialization:
(Content to be updated soon)
(Content to be updated soon)
