Why would a democratically planned economy be a bad thing? How is it more democratic that capitalist owners decide which businesses can exist, rather than the people collectively decide so?
The potential for regulatory capture and corruption, as well as the inherent inefficiency of having a limited number of decision makers. I wouldn't trust the 2028 Trump Administration to thoughtfully determine which businesses are allowed to exist for 4 years.
It's more democratic to let anyone start a business, rather than having a gatekeeper. But more importantly I think it makes more sense to let the capitalists take the losses if their business idea sucks, and then socializing the gains once we know it works.
Why would a democratically planned economy be a bad thing? How is it more democratic that capitalist owners decide which businesses can exist, rather than the people collectively decide so?
The potential for regulatory capture and corruption, as well as the inherent inefficiency of having a limited number of decision makers. I wouldn't trust the 2028 Trump Administration to thoughtfully determine which businesses are allowed to exist for 4 years.
It's more democratic to let anyone start a business, rather than having a gatekeeper. But more importantly I think it makes more sense to let the capitalists take the losses if their business idea sucks, and then socializing the gains once we know it works.
I'm sad that when you use the word "democracy", the best future people can imagine is the modern American system of "democracy"...