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"I don't think what we call capitalism as it exists today (on the national/international) level is an upper bound optimal level of resource allocation, just the
by benj111 7y ago
"I don't think what we call capitalism as it exists today (on the national/international) level is an upper bound optimal level of resource allocation, just the local maxima/cleanest dirty shirt/etc"
Maybe? Probably. I don't see how you could 'fix' it though. Sure you could find a better local maxima. As i say, it seems to me to be an inherent feature.
- cinquemb 7y agoYeah, well I guess in my mind the thing to be fixed would be resource allocation, not what people may consider to be capitalism today (the present day king-of-the-kill towards those ends). Will some of the (social/political/economic) infrasurture of present day capitalism still exist? Probably, just as some religious institutions from thousands years past still exist today, but the role it plays towards some ends that drive society forward would be made obsolete. But in saying that, these things change on time frames beyond our own lives, with few having enough foresight to see what may be up ahead based on some kind of understanding of where we're going now, and fewer acting as agents of such change.