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Joined 3 years ago
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Cake day: July 3rd, 2023

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  • State ownership has both advantages and disadvantages; I just wanted to point out that it was a deliberate choice.

    The state at national level should be limited to providing facilitation, infrastructure, defence and foreign policy. Independent Local governments should provide the bulk of public services.

    What do you do when some regions are poorer than others, or one gets hit by a natural disaster? Again, it isn’t black and white. There are advantages to both centralisation and devolution.



  • The state ownership of production is deliberate, and aimed at improving efficiency and allowing forward planning. One (or a few, if you want competition) large factory is more efficient than a bunch of smaller workshops. State ownership can lead to corruption, as you pointed out, but it is a conscious choice and not happenstance.


  • emergencyfood@sh.itjust.workstoMemes@lemmy.mlCowbee enters the chat
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    16 hours ago

    Neither capitalism nor communism assume that their proponents are immune to greed. Capitalism was developed as an improvement over (European) feudalism and mercantilism. The idea is that division of labour expands the quantity and diversity of goods that can be produced. Communism is similarly supposed to be an improvement on capitalism. Here, the idea is that centralised planning can improve the distribution of the produced goods (and further improve the quantity and diversity of goods).












  • The system in my country is that the QR code is meant to be public, and contains either your mobile number, or if you want to hide that, a UPI ID (which you can set and can be a random alphanumeric string). But having access to a person’s QR only lets you send money to them. The payment verification happens between the sender and the central database, on behalf of the sender’s bank, and can be done using a PIN / OTP.

    For example, I go to a shop and buy sweets. The shopkeeper would have their QR code displayed prominently throughout the shop. I scan it to get their phone number / UPI ID, and then tell the app to send them so many rupees. The central database asks me to verify the payment. Once I verify, both I and the shopkeeper get an SMS saying x rupees was debited / credited. The app can also store transaction history in case there is any confusion later.

    If I’m sending money to a friend, I already know their mobile number, so I can bypass the whole QR business and tell the app to just send money to their number.