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by MarkPNeyer
1273 days ago
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Replace “economic” with “political” and this is obviously a false equivalence. Historically, everyone dies. The right question is “which systems have produced the most new wealth for their participants” and there’s a clear obvious winner there: private ownership and free trade. |
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Is that the right question, though? Just the sum of the wealth produced, with no concern to how that wealth is distributed, the effects it had on the population or any externalities?
There are wide differences in human flourishing even among capitalist societies, so it may be better to look what other ingredients make the most difference, aside of private ownership and free trade.