I will be the first to admit that I do not know that much about economics. But one of the things that I have realized recently is that there are many economic systems outside of capitalism. I personally have grown up within the capitalist system and I really have not experienced anything else besides reading about it. I also think that it is one thing to learn about something in theory versus learn about something by putting it into practice. Unfortunately it is not always practical to put everything into practice just to see how it works. I imagine that it would be hard for me to write President Obama and ask him for the power to install a
socialist system in the US just so that I could learn a little more about the principles of common property.
So, really the way that I have learned most about economics is from books and studying the history of other nations. I do have experience in the capitalist system. Growing up I could figure out how many lawns I had to mow before I could get enough money to buy myself a new bike. I also figured out quickly that selling lemonade on the corner was the quickest way to earn money. There just seemed to be too much supply and too little demand. I did find though that my little brother and I could make good money at the beach while he played the guitar and I played my violin. It seemed that we had a somewhat unique skill and having an audience of half drunk tourists helped out.
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So I really am not sure how another system would work out. I think that most of us are uneasy with the ideas of other systems just because we have not experienced them. I am not trying to group in experts in economics in this category. I am sure they have great evidence why the system they support is the most correct. But I will say that for myself and people in a similar situation as myself that most uneasiness related to different economic systems comes from never having experienced that system themselves. It is kinda like cliff jumping. The first jump into the water below is always pretty nerve racking. But you'll never know how it is until you jump.
PS I have never been the first one to jump. Have you?
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3 comments:
I have been the first one to jump before. It reminds me of a quote, " If you never jump, you are safe from falling and crashing. But if you never jump, you will certainly never soar."
Change and the "uncomfortableness" of it. We don't want to change. We like where we are. We feel comfortable. But, in life, nobody has ever exceeded and helped society to move forward without going out of their comfort zone. We have to take risks. It's part of life and it's part of moving forward.
I LOVE calvin&hobbes. Best comic in the universe.
Anyways, topic at hand, economics. Personally, I find economics overly confusing. Our laissez faire style is somewhat not working out in these recent years as many have noticed I'm sure. It'll be interesting to see how much the government will try and regain the state of the economy
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