Capitalism is the greedy leading the shortsighted. Or is it the shortsighted leading the greedy? I can never remember which is which.
@aral In my opinion by changing parameters in the individual rational buy decisions capitalism can be used to shape society as we want it. Like putting a price on Co2 on every product and print this price so that the consumer sees it. Greed could help producing less Co2. If you like distribute the earned money among all.
The force of capitalism is to allow everything as long as it makes money.
It was useful for limiting inefficency until a point, but now it is "better" to promote incompetence if you can empty the accont with dividends.
If cheating about CO2 is cheaper than following the rules, that is what will be "selected".
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