"It is capitalism that pulled billions out of poverty. Not vapid virtue signaling." - Nassim Nicholas Taleb
People without capitalism were and are starving. Talk about "afraid of not having". Capitalism already accounts for the relative scarcity of things. That's why running water, formerly a luxury, is cheap, but spots on a zero-gravity flight, a new luxury, aren't.
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Price control creates gluts and shortages. If you are immune to both economic reasoning and historical evidence, you can't claim to actually care about what happens to people.
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No, capitalism (sadly) just deals with money flows. Our problems today are beyond putting money to solve something, we actually need to deal with actual resources beyond the monetary value. We need a real "economy", not a money market
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Putting in another way, the externalities are not a defect on capitalism but actually a feature of it. Somehow, (I say, with higher variety data) we should make the system to deal with them. Probably injecting more data that are weighted together with pure money flows.
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