[T_S_]

Not much content in this blog piece. Couple of isolated quotes from a Forbes article from a with no tl;dr on offer.

Instead of "Capitalism is...beautiful" ideology it would be worth focussing on when it works and when it doesn't. Seems that there is strong evidence that capitalism harness human nature, property rights, and incentives to enable production. That's great. There is a lot less discussion about what it takes for markets to allocate resources efficiently. Two of the bigger prerequisites are "no externalities" and "symmetric information". Capitalism has no built-in mechanism to establish these conditions. A lot of our problems today go right to those factors. We could do something about it if our politicians would stop playing to the cheap seats. Sorry capitalism, you're ok but not that beautiful.