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As a side note, while capitalism has been great at allocating resources, is it really the best way? It seems like it over-allocates politicians, middle manager
by ap22213 10y ago
As a side note, while capitalism has been great at allocating resources, is it really the best way? It seems like it over-allocates politicians, middle managers, bean counters, marketers, advertisers, record keepers, and market optimizers. (and, of course, all of the duplicated efforts)
With billions of people networked together and with general understand of who the inventors, thinkers, leaders, and doers are, why can't we have something better?
I'd pay $$$$$$$ if some of you brilliant people can figure that out.
- TeMPOraL 10y agoPeople treat economic systems like static things. They're not. Personally, I think capitalism was good, but is not good anymore. It has driven us to the era of plenty, of advanced technology, but its incentive system seems to be increasingly misaligned with the shared values of humanity - hence e.g. the misallocation you refer to. So, for instance, competing on merit was working for a long time - but it no longer does, hence great rise of marketing that exists to game the market into profits. Capitalism served us well, but it's time to move on.