3 ms·

There are known problems of markets in the form of externalized costs. Global warming might be the greatest example of capitalism and markets being the worst th

• crusso 12y ago
  How so? India and China are huge societies and have historically been much less capitalistic yet have been horrible polluters. More recently as they've embraced capitalism, their increase in pollution has more to do with their standards of living than with capitalism specifically. Yeah, they're polluting more, but then again they have a significantly reduced amount of starvation. If anything, capitalism tends to spur the types of innovation that seems most likely to innovate us out of the possible problems of global warming.