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Do you mean "capitalism" as in the dogmatic belief an unregulated market will somehow manage human needs to their benefit? Yeah, I think that's an extremely ig
by lofi_lory 5y ago
Do you mean "capitalism" as in the dogmatic belief an unregulated market will somehow manage human needs to their benefit?
Yeah, I think that's an extremely ignorant and outdated ideology. Which is evidently progressing towards human extinction.
Optimizing towards the metric of monetary reward/economic growth is just horribly disconnected from human welfare.
There is also the fallacy of assuming all things interchangeable for market dynamics when in reality some things running out means "down-regulating demand" by killing off most of the population, e.g. phosphate rock.
Capitalism isn't set up to get us two cookies later. There is just no incentive for the market to give a fuck about humans. It's like the "stamp making AI" thought experiment. Or the attention optimizing algorithms mindlessly destroying political culture. Oversimplified metrics spiralling out of control.
Tho, economists have realized this and most markets are recognized to fail without regulation for their inherent nature. E.g. housing, water, electricity, education, ...
- zapataband1 5y agoC'mon dude, any day now it will become profitable to stop exploiting natural resources, house the homeless, and build towards a future where we aren't completely replaced by robots (see dominos, see boston dynamics, see fruit picking robots)....any day now...bum da ba dum if you believe in magic... /s