this post was submitted on 04 Jan 2024
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submitted 11 months ago by King@lemy.lol to c/whitepeopletwitter@sh.itjust.works
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[–] hglman@lemmy.ml 4 points 11 months ago (1 children)

This is just saying that capitalism is the best because it behaves like capitalism.

[–] nbafantest@lemmy.world 1 points 11 months ago (1 children)

Not really. Markets are great at rewarding clever improvements. Other systems are not great at that.

[–] hglman@lemmy.ml 1 points 11 months ago (2 children)

Can you quantify that statement in any way?

[–] Croquette@sh.itjust.works 1 points 11 months ago

Spoiler: he can't

[–] nbafantest@lemmy.world 1 points 11 months ago

"they align people’s incentives in ways that communicate where resources can be be used most efficiently, and give people reasons to come up with new ways of using existing resources."