Capitalism is another word for ‘Only look at profit’. It is famous for short term management decisions that create hard-to-change and expensive infrastructure.

Capitalism is another word for ‘Only look at profit’. It is famous for short term management decisions that create hard-to-change and expensive infrastructure. Unexpected’externalities’ will always develop as human activity exceeds the environment’s ability to compensate for the disturbances we create in millenia old equilibria. Capitalism is also only valid for voluntary transactions. Consider an event like illness- people do not choose to get sick. But we have put capitalism clothes on this beast. Capitalism gaves us in the US ‘managed care’ , an administratively burdened healthcare system, and new burdens like corporate suites for healthcare with 7 figure salaries. For example, corporate managers see empty beds in the hospital. They reduce staffing. Then there is a flood of illness clogging the ER. They need nurses in a hurry. They hire temp nurses (3 to 6 month minimum contract) that get paid double. The remaining staff nurses feel shafted. They quit and become traveling nurses too. The hospital goes from a 10 mill surplus to a 30 mill deficit. And the traveling nurses dont know where anything is so everything moves more slowly reducing throughput. Delays in Operating room (the major profit center) reduce case load further. In such a system, a slow to change ‘centrally planned’ arrangement might actually be better