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More money might also mean you're just really good at colluding, anti-competing, price fixing/gouging, arbitraging, exploiting, socializing expenses and negativ
by Klinky 5y ago
More money might also mean you're just really good at colluding, anti-competing, price fixing/gouging, arbitraging, exploiting, socializing expenses and negative outcomes, or monopolizing.
It's extremely flawed and naive to think a positive balance sheet means a positive outcome for society occurred in the process of obtaining it.
- fighterpilot 5y agoThat's why I said I could go on about why it's not perfect. I admit there's downsides, but I still view it as a great thing on net, due to the general tendency to align incentives with value provision.
- colordrops 5y agoThe system is heavily corrupt. The premise that it is mostly working with some flaws itself is heavily flawed.
- Klinky 5y agoIt's not just "not perfect", it's extremely flawed. You didn't "go on" at all about its flaws or failures at measuring merit, and only provided a toy example of a superfluous mega-rich celebrity deserving his wealth while ignoring Hollywood's underhanded exploitation and accounting issues.
- TameAntelope 5y agoBecause something is "not perfect" or "extremely flawed" doesn't mean there is a better thing out there. Something can be "extremely flawed" and also be the best option available, such as in this case.
- sudosysgen 5y agoYou have to make a case for it that isn't circular first. The idea that there should not be any democratic input on the economy seems quite unsupported so far.
- laserlight 5y agoHow do you know there’s no better alternative out there? I don’t see anyone trying to find one.