this post was submitted on 13 Jan 2025
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I said this the other day, but this is because capitalism is society optimizing for the wrong values.
It makes perfect sense if you’re optimizing for profit. It makes terrible sense if you’re optimizing for peace, health, and safety.
I don't even think it's that we're optimizing for the wrong value. Optimizing for maximum profit is probably fine -- everyone gets the best utility possible. The problem is in the algorithm being a greedy approach where every individual personally chooses the best option for themselves. Greedy algorithm settles on a local maximum but drastically overshoots the global maximum.
People seem to think that you're saying "just like now, but tweaked"
As I see it to aim at max global profit we would need a whole different economic system, or at least a new way to direct capital at businesses toward the global max