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Luke_A_Somers comments on Traditional Capitalist Values - Less Wrong

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

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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.