4 ms·
Arguably, most of the woes of capitalism are because IT also depends on a better version of humanity than currently exists. It depends on greed and self-intere
by ergothus 9y ago
Arguably, most of the woes of capitalism are because IT also depends on a better version of humanity than currently exists. It depends on greed and self-interest (largely correctly), but also assumes informed rational consumers, which we definitely don't have. In particular, the built-in corrective options of capitalism depend on a large number of such consumers.
Not saying it's better or worse but ignoring this aspect of capitalism invites problems. (IMNSHO)