4 ms·
I read the parent's post not as reasoning or arguing for a specific policy, but simply observing one of the flaws of capitalism. Capitalism is doing much bette
by rictic 12y ago
I read the parent's post not as reasoning or arguing for a specific policy, but simply observing one of the flaws of capitalism.
Capitalism is doing much better than the other existing systems at solving the massive coordination problems of a large modern society. However, we can also tell that it is imperfect and involves some clear examples of wasted effort. Noticing this waste is valuable, even if no one has a good solution at the moment to improve on the existing system.
What's the alternative? Should we just assume that our current economic system has an optimal set of incentives that we could not improve upon?