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by contingencies
4365 days ago
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The root of the problem is the question of whether social values should have weight in a situation of limited supply, ie. when taken to its extreme: should one person be allowed to fuck up the whole planet because they have more monopoly money, thereby destroying the whole species and all future generations. Conventional capitalists will say yes without thinking, then spout whatever view-confirming stuff they can find (like this URL). Market-libertarians say a market will evolve to cater for the resource impacted that all people value, though we haven't actually seen that happen yet (observe the failure of the carbon credit scheme). Socialists say yes, we should treat one another with respect because fundamentally we're all in this together. All views have some credence. |
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The root of the problem is that humans have evolved anti-market biases that served us well when living in tribal communes but which are Pareto inefficient when living in large billion person societies.