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Comment by ivjw

I agree with the author that questions of ethics are social optimization problems.

> We must balance optimizing for oneself with optimizing for others

Yet if each person would optimize for themself, then the balancing is automatically taken care of. The invisible hand is even more free and dexterous on the social scale than the economic.

> the belief in the magical power of the free market always to serve the public good has no theoretical basis. In fact, our current climate crisis is a demonstrated market failure.

The power of the free market is at least as theoretically and empirically sound as the climate crisis.

parent ivjw 1 year ago

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