>> But that doesn't mean capitalism is good at all; let's abolish it, we can build a much better economic system from scratch.
You suggested "building" a "much better" "economic system".
I'm suggesting Capitalism is not much of an "economic system", assuming I'm right about it consisting of voluntary exchanges, and that the idea of building an economic system is flawed. There's Freedom, and then there's Coercion. The latter doesn't result in desired outcomes.
> Politics would be one (I sure hope the market for Congressional votes is inefficient), and basic scientific research another.
Well, political power is clearly up for sale, and eagerly bought all the time, all over the world. That's not really relevant to the economy though, nor is "basic scientific research". Research happens when scientists do what they love doing - some kind of economic incentive for doing that can be arranged somehow, when necessary.
>> But that doesn't mean capitalism is good at all; let's abolish it, we can build a much better economic system from scratch.
You suggested "building" a "much better" "economic system".
I'm suggesting Capitalism is not much of an "economic system", assuming I'm right about it consisting of voluntary exchanges, and that the idea of building an economic system is flawed. There's Freedom, and then there's Coercion. The latter doesn't result in desired outcomes.
> Politics would be one (I sure hope the market for Congressional votes is inefficient), and basic scientific research another.
Well, political power is clearly up for sale, and eagerly bought all the time, all over the world. That's not really relevant to the economy though, nor is "basic scientific research". Research happens when scientists do what they love doing - some kind of economic incentive for doing that can be arranged somehow, when necessary.