3 ms·
Capitalism could work if greed was looked down upon. Billionaires should be taking risks. It should be culturally mandatory to try and save the world. There's
by m1sta_ 11y ago
Capitalism could work if greed was looked down upon. Billionaires should be taking risks. It should be culturally mandatory to try and save the world.
There's also an information problem.
- ArkyBeagle 11y agoThe fundamental problem is trying to cast individuals in heroic narratives. The mechanism for status is beside the point. People in Russia had ikons of Stalin. I feel like somehow biasing towards nonfiction is one way to improve this, but that may just be bias speaking. We can't be all that coherent about "greed" anyway - if we do create consumer surplus through business, then this is a good thing. If we enrich ourselves by rent-seeking and cheating, it is a not. Deciding which is which is pretty hard.