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eli_sennesh comments on Taking Effective Altruism Seriously - Less Wrong
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If by that you mean, "capitalism does not generate utility for any particular human individuals" and so on, yes.
Does that not create a bit of a problem, then, given that capitalism is one of the best things that humanity came up with during the last few centuries?
I don't take that as given, particularly since taking such a statement as given tends to involve packing all the nice things about modernity into the word "capitalism" while simultaneously shoving all the nasty consequences of capitalism into some other word.