Jim Mason
May 31, 2021

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Capitalism, properly regulated by government, may be “better” than other systems for satisfying individual human wants and needs, but not necessarily for satisfying the needs of human groups. Examples from provision of clean drinking water and sewage treatment, to basic health care, to basic education, to mass transportation, indicate that decisions by properly educated groups of social leaders are better at satisfying those needs than are capitalist solutions that rely on decisions by individual “consumers”. Dealing with long-term effects of human impact on climate is even less likely to be successful if it relies solely on capitalist economic decision-making by individual consumers or by companies whose decision horizons are, at best, 5–10 years, not 50–100.

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Jim Mason
Jim Mason

Written by Jim Mason

I study language, cognition, and humans as social animals. You can support me by joining Medium at https://jmason37-80878.medium.com/membership

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