> The current system selects people that have allocated resources effectively in the past by providing them more resources to allocate. The current system sele

> The current system selects people that have allocated resources effectively in the past by providing them more resources to allocate. The current system selected people that have maximized shareholder value and financially engineered it into other financial assets that provide power under the capitalist system. This includes private equity services that have simply squeezed money out of consumers for no increase in quality of life, or companies that managed to avoid the consequences of the externalities of their economic activity. > And what is stopping countries from doing this today? This isn't an either or thing, public projects can still exist, there is no law of nature saying that massive companies are the sole source of innovations but for some reason people treat it like they are mutually exclusive. You bring up projects from decades ago but are there any modern examples? Regulatory capture and lobbying that attempts to force a profit motive behind every large government initiative when the profit motive substracts value away from society at large.