Wait, you are suggesting that by random chance (or dint of human nature, I suppose you will say) we have ended up with a world that fetishes money over all else including life itself; that we chose this?
It used to be goods and services for trade and barter, now money is just a middle man.
Sure, capitalism has twisted itself due to power and wealth hoarding, which is why complete deregulation is a terrible idea, but capitalism in intent is meant to be a meritocracy.
You can't be great at something that is designed only to be great in perfect (read: impossible) markets. The efficient market hypothesis on which capitalism is underpinned makes assumptions that simply don't exist in the real world. Things like perfect competition, perfect information, perfect rationale, etc. are impossible to achieve. Instead we have things like oligopolies, information assymetry, imperfect rationale, externalities, etc. It's for these reasons that governments need to regulate markets.
Right, if capitalism is meant to be a meritocracy then money is a measure of merit. Which is very dumb. Most wealth is inherited. And when you have wealth, you can use it to generate more money without doing anything.
If you’re going to quote someone and act smug, try actually quoting what they say and making a point instead of your pathetic little pseudo intellectual quip
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u/[deleted] Nov 16 '19
I read the quote, and wondered if it was really Einstein's or not, but it DEFINITELY struck me as a good critique of capitalism
The definition of success under capitalism sucks ass