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Not to nitpick, because I agree with your point, but that's the beauty of _economics_, not capitalism. Non-capitalistic economies (e.g. socialism) also optimize
by ChristianBundy 10y ago
Not to nitpick, because I agree with your point, but that's the beauty of _economics_, not capitalism. Non-capitalistic economies (e.g. socialism) also optimize for high-yield products that require minimal labor, the difference being who owns the means of production (i.e. factories): the workers, the consumers, private shareholders, the state, etc.
- corporateslave 10y agoThis is false. A capitalist society provides the rewards and drives for people to create innovative products. Socialism restricts those. I'm sorry you think it's the opposite
- acchow 10y agoIf you're looking at it purely in terms of nutrition. But taste? Socialism doesn't measure the actual utility given by goods. Capitalism does by virtue of us spending our money according to what we like.
- dragonwriter 10y agoSocialism measures utility to social decision-makers, and, so, in the case of democratic socialism, weights utility equally across the citizenry, rather by wealth as in capitalism; wealth-weighting not only favors the near-term utility of the wealthy but also entrenches power, since future expectation of power has utility. Of course, non-democratic (either in theory or practice) socialism (or non-socialist central planning) have unequal weighting that has the same kind of issues as wealth-weighting.