Toddsterpatriot
Diamond Member
Profit motive is awful.
It has no stabilizing factors, such as promoting essential food production over foofy luxuries, even if the food production is less profitable.
An actual example is our railroads.
Railroads are almost 100 times more efficient than individual transportation like cars or trucks.
But the capital investments to keep up the infrastructure is high.
So then many companies that owned railroads gutted the railroads and instead invested the money in alternative high yield returns.
Very short sighted and risky speculation, over the essential well-being of the entire society.
The essential problem is that with capitalism and the stock market, short term visually obvious returns get massive priority to the more important and stable, long term investments that are more essential to society.
If you want another example, consider oil and natural gas.
The US actually hardly has any of either, compared to the rest of the world.
And right now, the rest of the world is producing so much oil and gas, that our oil and gas can't be sold for much.
But we are selling it anyway, because we are greedy.
And it will soon run out.
Something like 10 to 30 years.
So then later after our oil and gas is all gone, the prices will eventually go much higher, like 10 times what they are now.
But since we will have wasted all our oil when it was cheap, we will not have any oil or gas, so will have to buy and import much more of this expensive oil and gas than we would have if we had instead conserved.
An actual example is our railroads.
Railroads are almost 100 times more efficient than individual transportation like cars or trucks.
100 times? Prove it.