Posted: Apr 13, 2020 2:10 am
by gobshite
gobshite wrote:OlivierK wrote:gobshite wrote:OlivierK wrote:It's a wealth creator. That's its role in a mixed economy, and it does it well.
That's debatable, given a general inability to price in externalities and longer term costs like global warming.
Failures to price in externalities are failures of government.
It's not mutually exclusive. If capitalism won't do it (which it repeatedly shows it won't), then governments are left to do it.
Put it this way, capitalism is good at
stealing wealth from the developing world and future generations.