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Cake day: June 12th, 2023

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  • Capitalism builds on competetion but favors behavior which eliminates competitors. This inner tension of capitalism makes it easily degrade into an authoritharian system. But it does not make it the same as one. Regulation is needed to maintain fair competetion which sounds paradoxical but is also a tension in the capitalism as such.

    Democracies struggle with capitalism but they struggle much more with planned state. Struggle is in the nature of free agents of democracy, so it does not have to suggest incompatibility.


  • As others said, science also needs governance, direction. Scientists have internal motivation and sense of what to do, but they often disagree and choices for resource allocation need to be made. Exteme competetiveness in some scientific institutions can cause bad culture (like favoring hype over achievement) but authoritharian systems also often breed bad science (like what soviets disregarded quantum physics at first). Speaking as a scientist myself.

    Paradoxically regulation is needed to ensure free and fair competetion in science (and in other things)



  • There is a lot of space for discussion on the desired reach of free market and regulation, and it is actually happening in politics. Too bad in public space it sometimes looks like the only options are extreme capitalism or anticapitalism.

    By the way, highly regulated authoritarian states have even more success to regulate breathing than capitalism, so it is weird to focus the hate on one but not the other.

    On the other hand there is something to be said about those who feel like they are left out by the system which does not self correct in their favor. Hearing their voices, which might justifiably sound extreme, is important.