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> And why did I make nearly $300 today vs them who will make $300 for that pig that they had to raise for 6 months? Effort has little to do with value. Utility
by bradleyjg 5y ago
> And why did I make nearly $300 today vs them who will make $300 for that pig that they had to raise for 6 months?
Effort has little to do with value. Utility also has little to do with value. See the diamond/water paradox for that second part.
There are certainly abuses in our society, rent seeking and outright fraud exist. But this childish rejection of capitalism that’s become trendy lately is tiresome. Capitalism is a technology that lifted billions out of poverty. Brilliant, earnest people (as well as some very evil people) tried alternatives in the last century and they failed horribly. No one has proposed plausible alternatives.
By all means we ought to couple capitalism in the private sector with a robust public sector, but to be against capitalism at this point is to be against human flourishing.
- mr_toad 5y ago> become trendy lately It’s not a new phenomenon, or unique to America or the west. You can dozens of passages of the bible critical of the merchants and money makers, and many of them are arguments still echoed today.
- rhacker 5y ago> this childish rejection Insults don't get anyone far.
- bradleyjg 5y agoAre you sure? Isn’t that the just world fallacy?