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Capitalism is extremely efficient at aligning resources for profit. Whether or not that’s what you’d want as a society is another matter. Personally I’d argue
by ashtonkem 5y ago
Capitalism is extremely efficient at aligning resources for profit. Whether or not that’s what you’d want as a society is another matter.
Personally I’d argue that capitalism is great for non-necessary consumer goods, and disastrous for necessities. My TV is cheaper (inflation adjusted) and measurably superior to what was on sale half a century ago. Unfortunately my house is massively more expensive than it was half a century ago, and unlike a TV I will die sooner if I don’t have some sort of dwelling to live in.
If we’re going to keep capitalism, and the growing sentiment against it here makes me question even that, we need to put stronger safety rails around it.