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Desrtopa comments on Traditional Capitalist Values - Less Wrong

38 Post author: Eliezer_Yudkowsky 17 October 2008 01:07AM

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Comment author: Desrtopa 16 June 2012 03:42:53PM 5 points [-]

Capitalism is win-win assuming no coercion and no negative externalities. In practice, you need some sort of overseer with coercive power to prevent negative externalities (and lots of coercive power to prevent all negative externalities,) so capitalism isn't win-win in any realistic formulation.

Comment author: Luke_A_Somers 26 September 2012 01:19:25PM 0 points [-]

Capitalism isn't airtight against all cases of win-lose or lose-lose in any realistic formulation, but there are many, many real specific cases in which it is win-win.

Comment author: Desrtopa 26 September 2012 03:09:47PM 3 points [-]

Just because it contains specific win-win cases doesn't mean it's win-win in the grand scheme. You can get win-win scenarios in a strict command-and-control economy, even in cases where capitalism performs poorly (it provides better footing against tragedies of the commons, for one,) but that doesn't make it a particularly viable economic model overall.