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After napping on it, I have a theory of what ails capitalism: it is not Darwinian enough. The “selfish” motive in Adam Smith corresponds to personal fitness rather than inclusive fitness. Taxation is a crude and insufficiently precise mechanism to add inclusive fitness back in.
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What’s your best 1-tweet mic-drop critique of western-style capitalism?
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Adam Smith talked about Self Interest, not Selfishness, a very common misconception. Selfishness is a way of acting on your own self interest, but so is altruism, sacrifice, among other actions.
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