Comment by Lendal
6 days ago
People on both sides seem to give capitalism a lot of credit for human traits that existed long before capitalism.
6 days ago
People on both sides seem to give capitalism a lot of credit for human traits that existed long before capitalism.
Well the point of capitalism (going back to Adam Smith) is that the invisible hand converts locally selfish behavior to globally good outcomes. The argument is whether or not that emerges. So if your implication was that human trait was selfishness, yes, that is quite the point of capitalism.