@[email protected] to People [email protected] • 9 months agoWe livelemy.lolimagemessage-square125fedilinkarrow-up1836arrow-down130
arrow-up1806arrow-down1imageWe livelemy.lol@[email protected] to People [email protected] • 9 months agomessage-square125fedilink
minus-square@[email protected]linkfedilinkEnglish4•9 months agoThis is just saying that capitalism is the best because it behaves like capitalism.
minus-square@[email protected]linkfedilink1•9 months agoNot really. Markets are great at rewarding clever improvements. Other systems are not great at that.
minus-square@[email protected]linkfedilinkEnglish1•9 months agoCan you quantify that statement in any way?
minus-square@[email protected]linkfedilink1•9 months ago“they align people’s incentives in ways that communicate where resources can be be used most efficiently, and give people reasons to come up with new ways of using existing resources.”
This is just saying that capitalism is the best because it behaves like capitalism.
Not really. Markets are great at rewarding clever improvements. Other systems are not great at that.
Can you quantify that statement in any way?
“they align people’s incentives in ways that communicate where resources can be be used most efficiently, and give people reasons to come up with new ways of using existing resources.”
Spoiler: he can’t