jake_eric , 1 year ago

But the system also makes it so that when people act purely selfishly for money, that it results in good outcomes for everyone.

Why do you think this??

Look at all the constant environmental disasters and harmful products that happen because corporations did the math and determined that paying a few million to lawsuits every once in a while is cheaper than being more careful. “Voting with your wallet” does not work because the big corporations undercut the competition and bombard us with advertising to ensure they will win no matter what.

Hell, most of us are on here because Reddit started doing scummy things in the name of money, and we’re a tiny fraction of their userbase; Reddit is still unfortunately doing pretty much fine. Is that the best outcome for everyone?

And don’t forget that there are a lot of regulations passed in the last hundred years that were necessary because corporations were doing stuff like dumping so many chemicals into our waterways that rivers would constantly catch fire. This is what happens with unfettered capitalism.