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A trifecta of failures: failure of capitalism to innovate its own self moderation from being inherently anti-competitive; failure of democracy which engages aft
by cmurf 9y ago
A trifecta of failures: failure of capitalism to innovate its own self moderation from being inherently anti-competitive; failure of democracy which engages after the fact based on emotion and is reactionary; failure of meritocracy where elites hand out favors to "friendlies", lower the ladder of regulatory avoidance to some and not others, ergo the opposite of merit.
This is why we need more ethics, logic, rationality, and the promotion of epistemology as moderators. Capitalism, democracy, and meritocracy all in their own way are prone to people gaming the system, might making right.