Comments on: Cover to Cover: Can Capitalism Survive? http://www.behaviorgap.com/cover-to-cover-can-capitalism-survive/ Exploring the relationship between people and their money. Fri, 16 Jul 2010 16:53:40 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Adam S http://www.behaviorgap.com/cover-to-cover-can-capitalism-survive/comment-page-1/#comment-904 Adam S Tue, 30 Jun 2009 18:52:29 +0000 http://www.behaviorgap.com/?p=1167#comment-904 Very true Carl. We hear all the time (especially in times of crisis) that capitalism is to blame for the worlds ills, blah blah. But the other systems we've yet tried have utterly failed to improve the quality of life for the people of the world in comparison to capitalism. Even left leaning governments in the developed world know that the good outweighs the bad and that nationalising or collectivising production/wealth is the road to ruin.<br><br>The problem is that the advantages of the market economy are hard for most people to intuitively grasp. It seems cold and harsh and inhumane at times. Something just seems wrong about market mechanisms. But they produce optimal outcomes far, far more often than government intervention. What other system rewards productive and smart people and conversely punishes incompetence better than the market?<br><br>The financial machinations of the banking community was unproductive, so I would welcome a return to the market rewarding people who do things and make things. The fact that many people are leaving Wall Street for other industries is probably a net good for the economy. Very true Carl. We hear all the time (especially in times of crisis) that capitalism is to blame for the worlds ills, blah blah. But the other systems we've yet tried have utterly failed to improve the quality of life for the people of the world in comparison to capitalism. Even left leaning governments in the developed world know that the good outweighs the bad and that nationalising or collectivising production/wealth is the road to ruin.

The problem is that the advantages of the market economy are hard for most people to intuitively grasp. It seems cold and harsh and inhumane at times. Something just seems wrong about market mechanisms. But they produce optimal outcomes far, far more often than government intervention. What other system rewards productive and smart people and conversely punishes incompetence better than the market?

The financial machinations of the banking community was unproductive, so I would welcome a return to the market rewarding people who do things and make things. The fact that many people are leaving Wall Street for other industries is probably a net good for the economy.

]]> By: Adam S http://www.behaviorgap.com/cover-to-cover-can-capitalism-survive/comment-page-1/#comment-513 Adam S Tue, 30 Jun 2009 11:52:29 +0000 http://www.behaviorgap.com/?p=1167#comment-513 Very true Carl. We hear all the time (especially in times of crisis) that capitalism is to blame for the worlds ills, blah blah. But the other systems we've yet tried have utterly failed to improve the quality of life for the people of the world in comparison to capitalism. Even left leaning governments in the developed world know that the good outweighs the bad and that nationalising or collectivising production/wealth is the road to ruin.<br><br>The problem is that the advantages of the market economy are hard for most people to intuitively grasp. It seems cold and harsh and inhumane at times. Something just seems wrong about market mechanisms. But they produce optimal outcomes far, far more often than government intervention. What other system rewards productive and smart people and conversely punishes incompetence better than the market?<br><br>The financial machinations of the banking community was unproductive, so I would welcome a return to the market rewarding people who do things and make things. The fact that many people are leaving Wall Street for other industries is probably a net good for the economy. Very true Carl. We hear all the time (especially in times of crisis) that capitalism is to blame for the worlds ills, blah blah. But the other systems we've yet tried have utterly failed to improve the quality of life for the people of the world in comparison to capitalism. Even left leaning governments in the developed world know that the good outweighs the bad and that nationalising or collectivising production/wealth is the road to ruin.

The problem is that the advantages of the market economy are hard for most people to intuitively grasp. It seems cold and harsh and inhumane at times. Something just seems wrong about market mechanisms. But they produce optimal outcomes far, far more often than government intervention. What other system rewards productive and smart people and conversely punishes incompetence better than the market?

The financial machinations of the banking community was unproductive, so I would welcome a return to the market rewarding people who do things and make things. The fact that many people are leaving Wall Street for other industries is probably a net good for the economy.

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