It doesn't need to diverge so much from capitalism as communism did. Capitalism is great, it just needs some more polishing. (And the polisher is not called free market).
The right is extreme, and the left is to the right of were Reagan was on many issues. >Capitalism is great, it just needs some more polishing. I've always thought so. I'm progressive, and it shocks me the distortions the Right make about the views of people like me when the word 'regulation' is even whispered. I think capitalism is the best system on Earth because it is the only one that takes into account human nature (greed). It just can't be completely unregulated because it actually isn't the most efficient at creating prosperity for the majority of people if left unchecked. Monopolies cannot be avoided in some markets due to the structural barriers to enter, giving the monopolistic leaders the ability to crush or buy off any newcomers that make the attempt. It's not rocket science. I also think that our nations utilities and infrastructure should be subject to scrutiny and regulation, along with sectors that have to ability to destroy the life savings of our citizens through fraudulent gambling (I'm looking at you Wall Street). But on the whole, the free market should be mostly free, and we don't need to have the state owning the means of production as the Socialism calls for (most Tea Partiers have zero idea what socialism is).
It seems that in some cases technology can offer more to us by fragmenting financial services. For example, there could be ways that people could loan to each other in P2P networks that could be more dynamic and have far less overhead than banks. But I suspect it can go much further than that. We might be better off creating economic alternatives to money itself. Rather than a place keeper for value, maybe we can exchange something that has different characteristics.
- maybe we can exchange something that has different characteristics.
It's basically digital karma. Sentiment replaces money.