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Mons7er
2907d · Capitalism
Lightrider makes a good point, although indirectly. Capitalism does incentivize profit over humanity. Does anyone actually disagree with that?
replied 2907d
The incentives line up so that actors pursuing their own interests (profits/preferences) in aggregate causes human flourishing. Road to hell paved with good intentions.
replied 2906d
should also mention morality varies across individuals so what is immoral to someone may be moral to another (eg drugs). these co-exist in capitalism/free market.
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if one has a competitive edge over the other (eg maybe drug abstainers are more productive) it will win out in the long term.
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True, it could be the case that someone chooses profit over humanity. If society on average finds this moral, then this behavior will continue.
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However if society on average values humanity more, then this behavior will be selected against in the long run. This means people can cheat in the short term
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but this action will impact their reputation & catch up with them. Reputation improves quality. https://silkroaddrugs.org/drugs-from-darknet-markets-are-higher-in-purity-report-says/
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Capitalism/free market provides what individuals in society want more efficiently than other systems (there is minimal waste going to regulation).