In 1960 you had a strong basis to believe we were heading for routine space travel, the eradication of disease, and either world government or nuclear war. How none of these came to pass and we got Pepe memes instead is a testament to the power of the future to remain surprising
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"The central conceit of capitalism is that free markets are a good way of aligning production with what people want and need" That isn't the central conceit of capitalism. The central conceit of capitalism is that the means of production should be owned privately.
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Incidentally, even if the central conceit of capitalism WERE "free markets are a good way of aligning production with what people want and need," even by that definition capitalism is a failure, as it is very clear that production is NOT aligned with what people want and need.
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