Capitalism is excellent at local gradient descent, better at it than governments. But it gets caught in suboptimal local minima (and, worse than that, it tends

Capitalism is excellent at local gradient descent, better at it than governments. But it gets caught in suboptimal local minima (and, worse than that, it tends to warp the space in its current local neighborhood to make escaping that dip harder). But the more capital you have accessible, the more you can overcome steeper wells. Effective governments can deploy resources to get out of very steep wells.