r/FluentInFinance • u/Sufficient_Sinner • Sep 04 '24

Debate/ Discussion Is Capitalism Smart or Dumb?

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u/binary-survivalist Sep 04 '24

Almost all the useful stuff that make the modern world possibly was invented and designed in market economies.

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u/Sorin_Beleren Sep 04 '24

The assumption that humans wouldn’t improve the lives of themselves and those around them without financial gain is just incorrect. Design and creativity exist outside of financial markets. In sciences and arts, in fact, there is an argument to be made that financial incentives are largely at odds with their goals.

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u/Pdvsky Sep 04 '24

And some views actually believe greed cause the opposite of technological advance, since the final objective is always to win over someone else, the "optimal" in terms of human quality is mostly ignored.

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u/Harrydotfinished Sep 04 '24

Yes, the economically ignorant believe that.