The same standards applied to anything else: A decent track record of such experiments succeeding, and/or well-supported argument based on (in this case) sound economics.
So far the track-record is heavily against. Indeed, many of the worst calamities in history took the form of “revolution”.
In lieu of that track record, you need one hell of an argument to explain why your plan is better, which at the minimum likely requires basing it on sound economics (which, if you want particular pointers, mostly means Chicago school, but sufficiently good complexity economics would also be fine).
I don’t feel like you are taking my question head-on.
I’m asking you to envision something that could convince you about systems other than capitalism. Just saying successful experiments and well-based arguments feels like you are evading my question a little. Especially because it is not clear how such an experiment could succeed (as in, what result are you’re looking for?), or what kind of arguments would be convincing. What if a more just world would require that we end the state of global inequality, and that simply requires lowering the standard of living in much of the Global North? Or if justice requires that we end the extraction of much of the planet’s resources? I assume an experiment that tells you some people might need to become much worse off for justice to occur will not convince you.
I also don’t understand why that would mostly mean Chicago school. To change your mind on capitalism, you need a specific school to change their mind first? And not some school, but one that was 1) explicitly set up to defend laissez-faire capitalism, 2) largely relies on simplifying assumptions we simply know to be false (rational choice, perfect markets, etc.), 3) is incredibly controversial even for many mainstream economists (e.g. even Paul Krugman called it “the product of a Dark Age of macroeconomics in which hard-won knowledge has been forgotten”) and for environmentalists especially?
The same standards applied to anything else: A decent track record of such experiments succeeding, and/or well-supported argument based on (in this case) sound economics.
So far the track-record is heavily against. Indeed, many of the worst calamities in history took the form of “revolution”.
In lieu of that track record, you need one hell of an argument to explain why your plan is better, which at the minimum likely requires basing it on sound economics (which, if you want particular pointers, mostly means Chicago school, but sufficiently good complexity economics would also be fine).
I don’t feel like you are taking my question head-on.
I’m asking you to envision something that could convince you about systems other than capitalism. Just saying successful experiments and well-based arguments feels like you are evading my question a little. Especially because it is not clear how such an experiment could succeed (as in, what result are you’re looking for?), or what kind of arguments would be convincing. What if a more just world would require that we end the state of global inequality, and that simply requires lowering the standard of living in much of the Global North? Or if justice requires that we end the extraction of much of the planet’s resources? I assume an experiment that tells you some people might need to become much worse off for justice to occur will not convince you.
I also don’t understand why that would mostly mean Chicago school. To change your mind on capitalism, you need a specific school to change their mind first? And not some school, but one that was 1) explicitly set up to defend laissez-faire capitalism, 2) largely relies on simplifying assumptions we simply know to be false (rational choice, perfect markets, etc.), 3) is incredibly controversial even for many mainstream economists (e.g. even Paul Krugman called it “the product of a Dark Age of macroeconomics in which hard-won knowledge has been forgotten”) and for environmentalists especially?