[Joker_vD]

> At its heart, capitalism is a (greedy) solution to a planet-scale resource allocation problem, and there are no viable alternatives (give or take some modifications/variations).

I am pretty certain we had economics for millenia before capitalism has emerged about three hundred years ago.

[aserafini]

Do you mean greedy, as in the sense of a greedy algorithm? Because I don’t have a formal mathematical description for this, but it feels more ‘optimal’ than a purely greedy algorithm.

Local agent behaviour may be greedy, but this could still result in something approaching a global optimum - the economy could work like Ant Colony Optimisation in aggregate.

Isn’t this Adam Smith‘s theory?

[KingMob]

You're asking the wrong person. "Greedy" is quoted from the grandparent comment, not the parent you're responding to.