Goodness. Is "leave it to the free market" what you took from my thread? To the contrary, while I very much believe in *harnessing* the power of markets, my thread is all about what kind of *policies* we need most to do so - gov't R&D and subsidies for new tech, specifically.
1/ I would find this Tweet more sensible if I could figure out what "socialise production" means. Is there a single historical precedent where it hasn't met "at the whim of some small minority that professes to act in society's best interest?"
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That's not really how history unfolds. Rather, institutions come into being. Some succeed and proliferate. The ones that succeed tend to be the best adapted. So, fine let's talk about how to best adapt our existing institutions, but spare me the circular socialist reasoning
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2/ Sometimes that small minority are the wealthiest, sometimes members of the only allowed political party. And sometimes they are members of a democratically-elected government. But the idea that any one group can claim to be acting in society's best interests is suspect at best
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Is there any society you can identify, Grace, where socializing production of a large sector of the economy resulted in a net positive? I'm struggling to think of one. I can think of plenty that went the opposite way.
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