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> Allocating capital takes a lot of work That's why most people with a lot of capital hire others to manage it. Also, there are many cases where capital is ju
by jt6rajn45ajaq4 3y ago
> Allocating capital takes a lot of work
That's why most people with a lot of capital hire others to manage it.
Also, there are many cases where capital is just "left to sit" and still grows. If you get lucky enough, even dead people can grow their capital.
Capitalism might help if you want the strongest loggers to cut the most logs. But it doesn't help the smartest scientists do more science. Science just doesn't work that way. That's why we are transitioning from picies (age of mass production) to aquarius (age of resource mangement). Why will our children have to carry their own water?