Sure. Interest is a great motivator. We spend huge amount of time doing stuff for that reason. We play Civ. We all played Civ. We planned, thought, counted, managed, we spent hefty time and effort. Then we modded, tested, cured crashes, tested more, hunted bug, reworked the smashed balance, tested over... let others play. We didn't get paid for anything of it. It was fun. It was interesting.
We read books, we thought, we posted stuff and read replies, we argued so late into the night that it was getting early morning already, and we failed to change each other's opinion, or maybe... no, we failed. Well, for most part of it. Anyway, we spent hefty time and effort again. We didn't get paid. It was fun. It was interesting.
We did it all for ourselves.
We have hobbies. Don't get me started on hobbies... it's a time consuming black hole. And it is normal not to get paid for hobbies.
Yup. And when that's taken care of we switch to what we like, and get massively motivated at that.
Especially if we think that the fun stuff we do is also the right thing to do and may be used for a greater good.
When there's a demand which I can't satisfy with my current production capacities. No, wait, that's under socialism/communism. Under capitalism demand is necessary but insufficient. Purchasing power must be added there.
No, that can't be what it is. That way I will stuck with nothing new and get booted out of the market in a year or a few. To avoid that I need an R&D department popping out new stuff. And for that new stuff I can only vaguely guess if there is a demand or not: it's the new stuff, there's no price on it yet.
Most probably. I'm a freshman there. Walking blind.
Sounds great. Too great to be true, actually. Okay, let's try it: I'm a biology teacher, but nobody wants it enough to pay me sufficiently much to afford a Bentley I want. I switched to selling medical equipment, which is badly needed and very much wanted, I know that for sure, but many of them can't afford it, and those who can are too few to amass enough revenue for the medical equipment production owner to pay me enough bonuses to afford a Bentley.
What do I do wrong and when I get my Bentley?
Absolutely. It doesn't follow though that there never ever can be a system that would be even closer to what's perfect.
It's not about poll. It's about ordering.
You go on-line, visit a page for the "central planner" and there is a rubricator for all goods being produced. Anywhere. Globally. You search for what you want, pick and order. That simple. It's produced and delivered, like pizza. If the production queue is full (which can be years ahead if the product is popular), you'll have to wait for your turn. And while you're waiting you can go and help building a new factory that will produce the stuff you're waiting for - this way you'll know how you'll benefit from what you're doing.
We agree on self-interest, I guess.
Being able to afford more stuff, live better, and provide better for your future and loved ones is a powerful motivator.
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We don't just stop at what we need to live: we would all like to be as prosperous as possible.
With ethical limitations on our behavior for most of us, of course.
I don't know about you, but I've never found my work to be "fun", or for that matter the great majority of things that must be done.
If you do, I'm happy you have found happiness in your work.
The silver lining is that automation may render many particularly unpleasant tasks obsolete in the future.
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We
always demand things, we
always want more stuff.
We simply balance what we want with what else we want, limited by what we can afford and what we save for the future.
Savings is the true basis of sound investment in the future: holding off consumption today to improve things tomorrow.
To increase consumption, you must first increase production.
Demand is your desire for something and your ability to pay, which necessitates production both for the product and, in capitalism, for what you produced in exchange.
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It doesn't need to be new stuff the factory is producing: it could simply be stuff that already exists that the entrepreneur sees untapped market potential for.
You are correct that there is uncertainty in entrepreneurship, but the beauty of the capitalist system is that it both provides a strong incentive to make correct predictions and weeds out failed businesses.
There is some uncertainty, but there are also indicators for those who look on what may succeed and fail.
When production is tangled with political processes, it often becomes more about the wants of special interests than efficiency.
See our absurd Sugar tariff in the US.
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So because a subset of people can't buy a specific product, you can't make money by selling what people desire?
The poor can't buy yachts generally: does that mean there is no market for them?
Though they have less purchasing power, there is still much money to be made selling products they demand.
Why else would we have cheap food and housing?
Off-topic, I'd personally compromise with a basic income system to support the poor - everyone gets a check for a set amount of money from progressive taxation.
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Perfection is not for this world, unfortunately.
The closest I can think of to a perfect economic system would be post-scarcity: where everyone can have everything they want.
But as we are nowhere close to that impossibility, we must choose a system that produces resources efficiently to increase our wealth.
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This honestly made me laugh a little, you advertising shortages.
Without any real cost to the one ordering, nothing much would be preventing them from placing as many orders as possible.
Some suckers might order less so others can have more or go work on factories, but rather quickly people would see that this has no perceivable benefit to them or others, and simply order everything while being coach potatoes.
That system doesn't even attempt to ration consumption until the good literally runs out: in that sense it fails even harder than the Soviet Union's planners did.