Hacker News new | ask | show | jobs
by Wolfenstein98k 492 days ago
Very shallow definition of "capitalism".

It doesn't dictate externalising cost as much as possible unless you have a very short-term view.

Short-term view businesses get eaten pretty quickly in a free capitalist system.

People forget that half of capitalism's advantage is the "creative destruction" part - if businesses are allowed to fail, capitalism works well and creates net value.

1 comments

What defines a "free capitalist system", and where does it exist?