Honestly, the older I get, the more I like the vision of a 1930-era utopia. I get up. I have a communal exercise program in the morning. I work for some number of hours, while kids are at school. It's a 32 hour work week, but that's made up for with my 8 hours mandatory education. I'm guaranteed a job, a house, food, and medical care. I'm guaranteed retirement and disability too. There is no advertising. I don't have access to video games, alcohol, drugs, or Facebook.
I can describe how I'd set one up, to guarantee personal freedoms and human rights, and reasonable systems of governance, but at the end of the day, I think "whomever is in power" will make better decisions about human well-being than the invisible hand of capitalism.
I think China has some elements of the right approach:
- Free markets for mass-produced commodities.
- Socialized banks, resources, real estate, and other rent-collecting industries.
- A hybrid for tech and information
I can describe how I'd set one up, to guarantee personal freedoms and human rights, and reasonable systems of governance, but at the end of the day, I think "whomever is in power" will make better decisions about human well-being than the invisible hand of capitalism.
I think China has some elements of the right approach:
- Free markets for mass-produced commodities.
- Socialized banks, resources, real estate, and other rent-collecting industries.
- A hybrid for tech and information