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• #CAPITALISM II CANNOT ISSUE SHARES FREE#

Winner take all economicsĪ core feature of capitalism is when people are given freedom of choice in their spending, they want the best value goods they can get. This is happening because we’re reaching the end of the current stage of capitalism and need a new paradigm for the 21st century. Strangely, even though we’re in a golden age of hyper-efficient production and trade, the overall GDP growth of the USA is slowing. This is still in its infancy but will eventually be a complete revolution of capitalism as big as the industrial age first was. In the late 20th century and early 21st century we started on the Automation experiment. The income of those living in developing nations went up, and those in the developed world received cheaper goods. Because we all become wealthier when goods are produced by those most efficient at making them, eventually goods started to be produced in low income countries. Governments also started becoming more cooperative. Ship’s became more massive than ever which lowered the costs to shipping anywhere in the world. In the 20th century we started the Globalization experiment.

Our overall energy production and connectivity increased, which created more wealth as more people could work together, with every person specializing in what they were good at. Legal corporations were invented, and big corporations began building train lines, ships, and started digging for oil and coal. In the 19th century the age of Nationalism began. The increased supply of goods caused their prices to lower so everyone could afford more stuff. We became more efficient at turning raw goods into useful products, which generated more wealth.

When everyone learns about and optimizes their own section of the economy, much more wealth is generated than if they were told what to do by some central government.Ĭapitalism accelerated in the 18th Century with Industrialization. Free-Market Capitalism has always outperformed top down economic control because those at the top can’t manage all the information about the economy, such as who is best at what, and where the most efficient areas to allocate resources are. The second core component of capitalism is the more accurate information you have, the better economic decisions you make. The first core component of capitalism is the understanding that when everyone performs the work they are best at, then trades with each other, everyone wins.

#CAPITALISM II CANNOT ISSUE SHARES FREE#

I’m a huge fan of capitalism and free trade, as laid out in Adam Smith’s genre defining book The Wealth of Nations. Why does capitalism work so well?Įven the most hardcore anti-capitalists have to give respect to how the combination of capitalism and technology has worked to lift most of the world out poverty and provided us with the security and comfort only kings enjoyed just a few century’s ago. What if a UBI wasn’t just a noble thing to do, but the best thing to kick-start the economy and explode GDP growth to previously unseen levels? I believe UBI is capitalism 2.0 and today I’m going to show you why. These are noble goals, but obviously there’s a downside or it would already be implemented, right? Universal Basic Income is Capitalism 2.0 | TimJRobinson Jby Tim Robinson | economics, universal basic income in capitalism, economics, inequality, supply side economics, universal basic income Universal Basic Income is Capitalism 2.0Ī Universal Basic Income (UBI) would improve everyone’s lives, increase our free time, empower workers, and ensure everyone has food and a roof over their head.