King@lemy.lol to People Twitter@sh.itjust.works · 11 months agoWe livelemy.lolimagemessage-square119fedilinkarrow-up1803arrow-down127
arrow-up1776arrow-down1imageWe livelemy.lolKing@lemy.lol to People Twitter@sh.itjust.works · 11 months agomessage-square119fedilink
minus-squarehglmanlinkfedilinkEnglisharrow-up4·11 months agoThis is just saying that capitalism is the best because it behaves like capitalism.
minus-squarenbafantest@lemmy.worldlinkfedilinkarrow-up1·11 months agoNot really. Markets are great at rewarding clever improvements. Other systems are not great at that.
minus-squarehglmanlinkfedilinkEnglisharrow-up1·11 months agoCan you quantify that statement in any way?
minus-squarenbafantest@lemmy.worldlinkfedilinkarrow-up1·11 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