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Capitalism is great because it’s been the best tool we’ve had to massively improve quality of life in many different areas of life. That doesn’t mean it’s the o
by addicted 9y ago
Capitalism is great because it’s been the best tool we’ve had to massively improve quality of life in many different areas of life. That doesn’t mean it’s the only tool we have and/or it should be an end in itself.
The situation where capitalism is not the best tool for the job we should abandon it for that job. That will not only mean we have a better standard of living, but will also mean the idea of capitalism gets stronger because it doesn’t suffer from negative backlash when it fails because it is used in situations where it isn’t the right tool because of ideology.
There is possibly an analogy here to programmers who insist a certain technology be used everywhere, even where it isn’t a good fit, instead of opting for the best tool for the specific application.
- knieveltech 9y ago"The situation where capitalism is not the best tool for the job we should abandon it for that job." Soooo healthcare, food distribution, housing, transportation, resource extraction, education...