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by klabb3 1423 days ago
> Greed is the central axis around which capitalist economic activity is oriented.

It's hyperbolic, but yeah self-interest is a pretty good approximation for behavior of all living organisms. Powerful natural forces like self-interest should be utilized to produce a good outcome, but they don't guarantee a good outcome just by being powerful. Jealousy and hate are powerful forces too.

For capitalism to work, many supporting structures are required. One is information symmetry. If you have to drive 10h and speak with a sales rep for 1h before you learn the price, you don't have a free market. Aside from this being deceitful and false advertising, it introduces economic inefficiencies in the most basic sense. All efforts that bring transparency are to be saluted.