[ITB]

Capitalism is the relentless pursuit of efficiency. It will work out.

[drewbeck]

You’ve mistaken a sometimes-emergent property of the system with the fundamental rules of the system itself.

[nullorempty]

More a pursuit of short term profit I'd think.

[slater]

Efficiency so high, they've convinced us to help them pull up the ladder!

[vajrabum]

American capitalism in the 2020s is no such thing. It's goosing this quarters numbers so the management can get their incentive bonuses and stock and buying buying business advantage from the legislature.

It's all in Adam Smith and economic history.

[lucianbr]

That's why there's no such thing as regulatory capture or monopolies or rent-seeking, right? They just don't happen in capitalism, because they are inefficient.

[Mawr]

The best way to increase efficiency is to externalize costs. E.g. by polluting the environment with your coal plant. The taxpayer takes on the burden of the cleanup and the company gets pure profit. So efficient. Capitalism is beautiful.