Agreed, although I’d reframe it; capitalism is a solid default, and does a good job of innovating … but it tends to operate like gravity, the more capital you have the more you get.
So, you need a mechanism to redistribute that capital, and you need to make sure that the things everyone is supposed to have enough of, don’t get distributed that way in the first place.
people mistake cronyism for capitalism all the time. the free market can’t be said to have failed if it was never free in the first place. it’s like saying a tree has failed after it’s been cut down and turned into an unstable table.
Agreed, although I’d reframe it; capitalism is a solid default, and does a good job of innovating … but it tends to operate like gravity, the more capital you have the more you get.
So, you need a mechanism to redistribute that capital, and you need to make sure that the things everyone is supposed to have enough of, don’t get distributed that way in the first place.
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people mistake cronyism for capitalism all the time. the free market can’t be said to have failed if it was never free in the first place. it’s like saying a tree has failed after it’s been cut down and turned into an unstable table.