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.
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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?"
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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Sounds a lot like capitalism’s top 1%
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Or Soviet Russia or China under the CCP or Venezuela under the Chavistas. What's your point?
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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