It's not wasted. Society can pay for the talent it wants, and they don't want to pay for this. Instead this talent helps to grow the overall wealth on in the world, letting us pay for the stuff we want.
I'm sure people (society) wants cheap food, free universal healthcare, free public transport, so why don't we have these things?
Under capitalism each of these individual systems needs to turn a profit to be deemed worthwhile instead of treating the system as a whole and taking into account the economic externalities and benefits to the entire system.
There's no such thing as free things, there's just some people paying for other people's things, and surprise surprise some people don't want to use their hard earned money to pay for other people's transport and healthcare.
There are societies that voted for those things and have them. Many other (often more successful societies) react to those like "OMG commies are at it again".
bluerooibos|4 days ago
Under capitalism each of these individual systems needs to turn a profit to be deemed worthwhile instead of treating the system as a whole and taking into account the economic externalities and benefits to the entire system.
logicchains|4 days ago
There's no such thing as free things, there's just some people paying for other people's things, and surprise surprise some people don't want to use their hard earned money to pay for other people's transport and healthcare.
lII1lIlI11ll|3 days ago
There are societies that voted for those things and have them. Many other (often more successful societies) react to those like "OMG commies are at it again".