Profit motive vs. public service business models.
Which is really more effective in the modern era when it comes to the debate between self interest and Marxism?
We all know the famous debate between these fundamental ideas, and personally I would call myself a secular progressive, but I honestly want to hear arguments for capitalism in the modern age. Most people I talk with cite Adam Smith or early 19th century thinkers.
I suppose my main argument for socialism would be that we are social animals in a colony like setting, so the health of all individuals is directly related to health of all individuals, so competition would be negative in the scenario, and I can point out the power of community, and even almost somewhat communist mentality with the concept of open source software and code. Linux is, in my opinion, the best operating system, and it was created in it's entirety from people wanting to make a decent open source OS.
I can, however, think of markets in which greed can be useful. Many entertainers would not be able to produce the works they do without such funds. Many movies have a hefty budget, but at the same time there are artists that enjoy giving their work away from free for people to enjoy it.
Perhaps more of you out there can bring in more arguments for capitalism/profit motive/self interest.
Malcolm Gladwell teaches "Get over yourself and get to work" for Big Think Edge.
- Learn to recognize failure and know the big difference between panicking and choking.
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Can sensitive coral reefs survive another human generation?
- Coral reefs may not be able to survive another human decade because of the environmental stress we have placed on them, says author David Wallace-Wells. He posits that without meaningful changes to policies, the trend of them dying out, even in light of recent advances, will continue.
- The World Wildlife Fund says that 60 percent of all vertebrate mammals have died since just 1970. On top of this, recent studies suggest that insect populations may have fallen by as much as 75 percent over the last few decades.
- If it were not for our oceans, the planet would probably be already several degrees warmer than it is today due to the emissions we've expelled into the atmosphere.
They didn't know it, but the rituals of Iron Age Scandinavians turned their iron into steel.
- Iron Age Scandinavians only had access to poor quality iron, which put them at a tactical disadvantage against their neighbors.
- To strengthen their swords, smiths used the bones of their dead ancestors and animals, hoping to transfer the spirit into their blades.
- They couldn't have known that in so doing, they actually were forging a rudimentary form of steel.
Michael Dowling, Northwell Health's CEO, believes we're entering the age of smart medicine.
- The United States health care system has much room for improvement, and big tech may be laying the foundation for those improvements.
- Technological progress in medicine is coming from two fronts: medical technology and information technology.
- As information technology develops, patients will become active participants in their health care, and value-based care may become a reality.
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