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Productivity is the only way wealth is created. From 99% employed farming to 1% employed farming, but using technology to make this possible. This is why we hav
by monero-xmr 4y ago
Productivity is the only way wealth is created. From 99% employed farming to 1% employed farming, but using technology to make this possible. This is why we have wealth - we can all get more of our needs fulfilled, because fulfilling those needs requires less inputs (labor, time, physical elements).
This is such a fundamental and all-encompassing truth it is sad more people never grasp it.
Capitalism is but one way to organize people to improve technology (in the abstract, not the Silicon Valley meaning). Capitalism harnesses a very powerful component of human nature - one’s primary desire towards one’s own needs and pleasure - and uses that to drive technological progress.
I have yet to see any other type of human organization that is more effective than this system for driving technological progress (and thus human flourishing).
- Rury 4y agoI don't think it has anything to do with the type of human organization really. Rather, it's really just a matter of the wills of people, and whether they have access to capital.