So, in the many thousands of years of men trying every which way…this has not happened. So, unless someone has found a better way capitalism is the best way so far.
How many houses did investors build vs how many houses did the government build…from the money they actually took from somebody else? And which houses are nicer, safer and better maintained?
It's completely plausible that a nation with a wealth of natural resources but an economic system that treats people terribly could win a series of wars and establish its economic system as the dominant one in the world, and then use its power to maintain status quo.
A marketplace of ideas does not necessarily lead to the best outcomes, or even good outcomes.
Suppose the marketplace of ideas is an unregulated marketplace. Then the wealthy and powerful can use their wealth and power to determine the world that other people see, getting those people to mistakenly fight for things that help the wealthy and powerful.
But suppose it's kept a fair marketplace. Fairness is not natural – it's a human value that we have to actively maintain. But suppose we succeed. Even then, the marketplace may not select the best ideas, because people have emotional needs – like belonging to community – that will cause them to stubbornly reject good ideas. But we accept this because it's the only way for us to live with each other; if I want you to let me disagree with you, I have to let you disagree with me.* The price of intellectual freedom is very, very steep, even if it's worth it.
So I don't believe the fact that capitalism is dominant is good evidence that it's the best idea so far. In fact, I think we have little evidence of it at all.
* There are of course complications of the Popperian, paradox-of-tolerance sort, where we do have to fight to the death, so to speak. If someone repeatedly demonstrates an unwillingness to compromise or act fairly, they've left you the choice of letting yourself perish or eliminating them, which is a shitty situation to be in.
> It's completely plausible that a nation with a wealth of natural resources but an economic system that treats people terribly could win a series of wars and establish its economic system as the dominant one in the world, and then use its power to maintain status quo.
FWIW, Adam Smith has argued that this is unlikely. The world seems to prove him correct.
That said I do disagree with the way GP's argues the point. While the dominant economic system is likely more effective at creating dominating economies, it's not a given that it is good at being fair. Shutting down discussion while claiming that "capitalism is the best so far" because nobody else has come up with an alternative reeks of willful ignorance. It's easy to believe something is the best if you don't actively look for alternatives and demand others to serve it to you on a silver platter.
jamiek88|2 years ago
I grew up in a council house. I.e. a house created by pooled money in the form of taxes.
Houses must exist. Landlords are an inefficiency to be optimized out.
DiffEq|2 years ago
agalunar|2 years ago
A marketplace of ideas does not necessarily lead to the best outcomes, or even good outcomes.
Suppose the marketplace of ideas is an unregulated marketplace. Then the wealthy and powerful can use their wealth and power to determine the world that other people see, getting those people to mistakenly fight for things that help the wealthy and powerful.
But suppose it's kept a fair marketplace. Fairness is not natural – it's a human value that we have to actively maintain. But suppose we succeed. Even then, the marketplace may not select the best ideas, because people have emotional needs – like belonging to community – that will cause them to stubbornly reject good ideas. But we accept this because it's the only way for us to live with each other; if I want you to let me disagree with you, I have to let you disagree with me.* The price of intellectual freedom is very, very steep, even if it's worth it.
So I don't believe the fact that capitalism is dominant is good evidence that it's the best idea so far. In fact, I think we have little evidence of it at all.
* There are of course complications of the Popperian, paradox-of-tolerance sort, where we do have to fight to the death, so to speak. If someone repeatedly demonstrates an unwillingness to compromise or act fairly, they've left you the choice of letting yourself perish or eliminating them, which is a shitty situation to be in.
hnfong|2 years ago
FWIW, Adam Smith has argued that this is unlikely. The world seems to prove him correct.
That said I do disagree with the way GP's argues the point. While the dominant economic system is likely more effective at creating dominating economies, it's not a given that it is good at being fair. Shutting down discussion while claiming that "capitalism is the best so far" because nobody else has come up with an alternative reeks of willful ignorance. It's easy to believe something is the best if you don't actively look for alternatives and demand others to serve it to you on a silver platter.