My personal stance on this: Capitalism is extremely good at hill climbing within a certain constraint set. Almost like a constraint satisfaction algorithm. How

My personal stance on this: Capitalism is extremely good at hill climbing within a certain constraint set. Almost like a constraint satisfaction algorithm. However, if the constraints are ill-posed (eg. it is possible to externalize certain costs, by outputting co2, using lead, etc.) it WILL eventually do that. IMHO capticalism CAN work but it needs a strong government that sets the constraints to the benefit of its people. And updates those constraints once new information becomes available. This is in stark contrast to the often seen „just deregulate everything and line goes up“ stance. This will just create a degenerate solution (monopolies, climate change, financial crises, etc).