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> At its heart, capitalism is a (greedy) solution to a planet-scale resource allocation problem, and there are no viable alternatives (give or take some modific
by Joker_vD 3y ago
> At its heart, capitalism is a (greedy) solution to a planet-scale resource allocation problem, and there are no viable alternatives (give or take some modifications/variations).
I am pretty certain we had economics for millenia before capitalism has emerged about three hundred years ago.
- aserafini 3y agoDo you mean greedy, as in the sense of a greedy algorithm? Because I don’t have a formal mathematical description for this, but it feels more ‘optimal’ than a purely greedy algorithm. Local agent behaviour may be greedy, but this could still result in something approaching a global optimum - the economy could work like Ant Colony Optimisation in aggregate. Isn’t this Adam Smith‘s theory?
- KingMob 3y agoYou're asking the wrong person. "Greedy" is quoted from the grandparent comment, not the parent you're responding to.