this post was submitted on 24 Dec 2023
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Capitalism is effective at cleaning up inefficiency, at least if it's allowed to run its course. Twitter, for instance: if it crashes and burns, all the talent in there will be free to move to doing something better instead. If it somehow succeeds, that's a more obvious net benefit as well.
Why do people buy cheap and shitty things?
What is this referring to? Obviously not efficient.
That's a total waste, and these would be removed in an efficient market.
In a free market system, rich people happen because they've provided something that others want, or made good investments.
Pollution is indeed a problem that require global solutions. CO2 markets, for instance, are a thing.
capitalism is only good at stealing wealth from the working class