King@lemy.lol to People Twitter@sh.itjust.works · 1 year agoWe livelemy.lolimagemessage-square119fedilinkarrow-up1803arrow-down127
arrow-up1776arrow-down1imageWe livelemy.lolKing@lemy.lol to People Twitter@sh.itjust.works · 1 year agomessage-square119fedilink
minus-squarehglmanlinkfedilinkEnglisharrow-up4·1 year agoThis is just saying that capitalism is the best because it behaves like capitalism.
minus-squarenbafantest@lemmy.worldlinkfedilinkarrow-up1·1 year agoNot really. Markets are great at rewarding clever improvements. Other systems are not great at that.
minus-squarenbafantest@lemmy.worldlinkfedilinkarrow-up1·1 year 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