| > Capitalism seems pretty good at advancing technology. Capitalism is good at providing 'efficiency', nothing more nothing less. It's a dumb (as in not smart not necessarily stupid) filter on economic activity. I think what they are referring to is that such a system does not prioritize reducing failure rates to zero, it prioritizes reducing costs to zero - 10% is probably an arbitrary lower limit, but the cost of the court fees, medical bills, and manufacturing loss should be greater than the cost of developing and deploying the technology that can reliably reduce rates below X amount. It's a fairly ruthless algorithm that will justify millions of deaths based upon economics. Compounding the simple issue above, is when the system attempts to increase efficiency by lowering the cost of legal/medical repercussions e.g. by with-holding blame, fines, and economic relevancy rather than by improving the technology. E.g. if only 100 people can afford to use a technology then a 1% failure rate is statistically easy to achieve, and efficiently requires very little testing. Applied to a population of millions however that is potentially a mass genocide. Capitalism has a very dark side, for those willing to look the truth in the face, like with any tool, it can and will be wielded in terrible ways. |