lets limit this to purely economical. capitalism is individuals owning corporations; socialism is essentially everyone who works for a corporation co-owns it; and communism is everyone is co-owner, employee or not. how exactly would changing corporations from private ownership to co-ops be a bad thing?
How is such a society supposed to innovate? If everyone owns part of everything. Take climate change. People act like capitalism is the problem preventing us solving it. I see it as the reverse. Capitalism, or rather, competition, is key to devising solutions.
The problem today is with people seeing the short term and not the long term. But that problem doesn't warrant. abandoning competition entirely.
So, say everyone owns all corporations, assuming it wouldn't turn into, well, what it's turned into every other time which are arguably even worse as outcomes for the environment long term. Without a market, and without competition, where's the motivation to find better technologies to benefit man kind?
All the technology we use has progressed as fast as it has because of competition, which is what capitalist markets provide.
Even so called communist countries innovation has been driven by competition, only they're competing with us.
If the world ran as communist, I mean for real as opposed to the totalitarian dictatorships they always turn out as in reality. But in a make believe hypothetical. What reason is there to think it wouldn't drastically reduce the progression of technology?
All the great things our society has done is because of competition, and markers are how you harness that power. Our problem is not harnessing it correctly. But getting rid of it entirely is just making things far worse.
It's a retarded reaction to the problems of the present caused by an utter failure of imagination.
Course I'm assuming a lot here. I've noticed people repeatedly abuse words like communism and socialism inventing their own meanings for them so that discussing it is impossible. So I'm making assumptions about what you're suggesting.