"I did not. You are making a logic error: thinking that { not(A) is_not (B) } necessarily implies { (A) is (B) }. That is not so. Here A="democratic system of governance" and B="public enterprise accountable to the public"."
Fair play, but I think I can clean up the mess I've made there by asking if you consider a democratic government to be a kind of public enterprise. To me this seems like a reasonable assertion: a government elected democratically is beholden to its shareholders (electorate), for whom it must produce a particular batch of goods and services at a particular level of efficiency. Any democratic government which consistently fails to do so will have its managers (elected politicians) kicked out by its electorate for a new group of managers. I understand you're likely tired of conversing with me, so I'll just ask for a yes/no answer on that.
"No, you misunderstand. I am using "price and greed" to mean the following: the market signals what it likes and does not like via the price at which the market clears. This price reflects both supply and demand. There is information in this price, but this information is useless unless somebody acts on it. The usual reason to act on the basis of the price information is desire for wealth, aka greed. It is the motivation which is necessary to make the step from information to real-world consequences (usually, a change in supply)."
The information of supply and demand, i.e. price, isn't useless if there's no one to act on it, it's non-existent. If there was no one on Earth, we wouldn't have supply and demand, and so no price. And--this is sure to bring some laughs--the desire for wealth isn't a rational impulse. Unless you literally have a desire for wealth, which is an instrumental good, and not what it brings you, intrinsic goods (however defined), it's against your interest to pursue wealth beyond whatever version of your intrinsic good it buys you. That seems obvious to me--a dollar is worth its exchange value, nothing more. And how many parables are there about the wealthy, lonely old man, sitting sadly in his mansion, surrounded by piles of gold? I'd rather everyone be poor and happy than have some people wealthy and happy, some others being wealthy and unhappy, and others being poor and sad or poor and happy; wouldn't you?
Don't misunderstand my intent, here. If capitalism really did make everyone rich, or even just modestly comfortable, I'd have no problem with it or private property; I'm not a deontologist. But the fact of the matter is that capitalism doesn't make everyone rich, or even modestly comfortable, but tells the lie that it can; that's where I have a problem with it.
if you consider a democratic government to be a kind of public enterprise
That would depend on the specifics. A "democratic government" could be any of a wide variety of political systems. I would guess that I'd be willing to accept some of them as "a kind of public enterprise" and not willing to accept as such some others.
I'll reiterate my view that I do NOT consider typical contemporary democracies (e.g. the US) to be "a public enterprise accountable to the public".
...a government elected democratically is beholden to its
Note: Originally posted in Discussion, edited to take comments there into account.
Yes, politics, boo hiss. In my defense, the topic of this post cuts across usual tribal affiliations (I write it as a liberal criticizing other liberals), and has a couple strong tie-ins with main LessWrong topics:
The issue is this: recently, I've seen a meme going around to the effect that companies like Walmart that have a large number of employees on government benefits are the "real welfare queens" or somesuch, and with the implied message that all companies have a moral obligation to pay their employees enough that they don't need government benefits. (I say mention Walmart because it's the most frequently mentioned villain in this meme, but others, like McDonalds, get mentioned.)
My initial awareness of this meme came from it being all over my Facebook feed, but when I went to Google to track down examples, I found it coming out of the mouths of some fairly prominent congresscritters. For example Alan Grayson:
Or Bernie Sanders:
Now here's why this is weird: consider Grayson's claim that each Walmart employee costs the taxpayers on average $1,000. In what sense is that true? If Walmart fired those employees, it wouldn't save the taxpayers money: if anything, it would increase the strain on public services. Conversely, it's unlikely that cutting benefits would force Walmart to pay higher wages: if anything, it would make people more desperate and willing to work for low wages. (Cf. this this excellent critique of the anti-Walmart meme).
Or consider Sanders' claim that it would be better to raise the minimum wage and spend less on government benefits. He emphasizes that Walmart could take a hit in profits to pay its employees more. It's unclear to what degree that's true (see again previous link), and unclear if there's a practical way for the government to force Walmart to do that, but ignore those issues, it's worth pointing out that you could also just raise taxes on rich people generally to increase benefits for low-wage workers. The idea seems to be that morally, Walmart employees should be primarily Walmart's moral responsibility, and not so much the moral responsibility of the (the more well-off segment of) the population in general.
But the idea that employing someone gives you a general responsibility for their welfare (beyond, say, not tricking them into working for less pay or under worse conditions than you initially promised) is also very odd. It suggests that if you want to be virtuous, you should avoid hiring people, so as to keep your hands clean and avoid the moral contagion that comes with employing low wage workers. Yet such a policy doesn't actually help the people who might want jobs from you. This is not to deny that, plausibly, wealthy onwers of Walmart stock have a moral responsibility to the poor. What's implausible is that non-Walmart stock owners have significantly less responsibility to the poor.
This meme also worries me because I lean towards thinking that the minimum wage isn't a terrible policy but we'd be better off replacing it with guaranteed basic income (or an otherwise more lavish welfare state). And guaranteed basic income could be a really important policy to have as more and more jobs are replaced by automation (again see gwern if that seems crazy to you). I worry that this anti-Walmart meme could lead to an odd left-wing resistance to GBI/more lavish welfare state, since the policy would be branded as a subsidy to Walmart.