this post was submitted on 09 Aug 2024
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The best way to solve this though is through control of the means of production. Can't have this if the business is owned by the state.
Or worker co-ops. If workers own their own companies then that would solve 90% of the problems of late stage capitalism
That too, yeah
Corruption and perverse incentives are problems that apply to government bureaucracies as well as to companies. Not to say that it can't be done that way successfully, but the failures of the Soviet space program for instance seem to be a clear indication that it isn't a silver bullet in this case. Whatever the underlying economic system there are big organizational challenges to overcome.