A brief criticism of laissez-faire capitalism

As a simple matter of information asymmetry, the best strategy for accumulating wealth is to take advantage of young people. Greed, for lack of a better term, produces this outcome so reliably that we can find this truth enshrined in humanity’s oldest myths. In a laissez-faire economy this predisposition is magnified out of all proportion because the strategy of exploiting the youth scales up to any size population, and competition drives it to its most pitiless forms of expression. We should not expect that the ruthless winners of this evil competition will then turn around and engage in benevolent charity with their ill-gotten gains, as if balancing some Manichean checkbook of justice and injustice. That’s the moral worldview of a child who’s ripe for the picking by adults with less optimism but accustomed to a higher standard of living.

About Aeoli Pera

Maybe do this later?
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9 Responses to A brief criticism of laissez-faire capitalism

  1. Obadiah says:

    Hence the term “infantry” instead of “eldertry”.

  2. Robotnick says:

    We have to continue to drive the nail in the coffin of economic boomerism in all its forms.

  3. bumble says:

    >We should not expect that the ruthless winners of this evil competition will then turn around and engage in benevolent charity with their ill-gotten gains, as if balancing some Manichean checkbook of justice and injustice.’

    How about benevolent slavery, and some sort of law that makes the wealthy help the poor, the widow, the orphans, in their neighbourhood, by giving alms, leaving parts of their fields ungleaned, that sort of thing?

    If only there were some sort of rulebook, with laws that mandated a neighbourly approach. Hmm.

    • Aeoli Pera says:

      One thing we learned from that is even when the rulebook is literally designed by God himself, it doesn’t work when people don’t follow it.

      • bumble says:

        So, what then, throw away the rulebook and preach against the wealthy?
        Throw away the rulebook and DIY with new rules?
        Throw away the rulebook and fail to even look in the mirror.
        The world is so fuked up.
        Read the rulebook, and fuckin do it. One man at a time, get ’em young, teach it to your kids (I think thats in the rulebook, unsurprsignly).
        No one gives a fuck though.

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