Something I haven’t seen discussed here is the role of capitalism as the biggest lift to the quality of humans lives (in addition to things like vaccines and health departments or generally science).
The notion of Incentives in human nature to drive innovation, with efficient allocation via prices and value, plus competition, all leading to capital accumulation that just then be efficiently allocated to generate further value was amazing.
If you think about the current situation in Venezuela, China or Russia on useless missions that led to famine or to killing of millions of people, we cannot argue that capitalism wasn’t a huge influence in the impact in humans lives
I was looking at AOC’s comments about capitalism somewhere and could not believe my ears. Then Thomas Sowell gave a masterclass rebuttal to each of AOC’s ignorant points.
The notion of Incentives in human nature to drive innovation, with efficient allocation via prices and value, plus competition, all leading to capital accumulation that just then be efficiently allocated to generate further value was amazing.
If you think about the current situation in Venezuela, China or Russia on useless missions that led to famine or to killing of millions of people, we cannot argue that capitalism wasn’t a huge influence in the impact in humans lives
I was looking at AOC’s comments about capitalism somewhere and could not believe my ears. Then Thomas Sowell gave a masterclass rebuttal to each of AOC’s ignorant points.
Everyone should listen to it: https://x.com/cubaortografia/status/1997272611269525985