The 3 Tenets of Capitalism

If you like this you may also like:

- "Egoistic altruism" video by Kurzgesagt https://www.youtube.com/watch?v=rvskMHn0sqQ, supported by the Bill & Melinda Gates Foundation.

- Stubborn Attachments by Tyler Cowen. Presents an argument for how contributing to positive sum economic growth is one of the best things you can do for humanity in the medium-to-long-run.

I feel the article is super misleading because extreme wealth creation can only come from monopolies.

The capitalism is made up of monopolies. Starting from biggest companies in the world to nation-states which have a monopoly on pretty much all territory they control.

If you don't have a monopoly, then creating wealth (extracting rent/ high margins) becomes impossible, so a lot of innovation exists to maintain monopolies.

In the end, the capitalism is a system of control with capital allocation as the main control mechanism.

It just has inputs and outputs and we as humans have opinions about what is good or bad, but it is very dangerous just to state that some system is inherently good when the worse atrocities in the world happened in states which were capitalists: Nazi Germany.