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@avlcharlie How is it a oxymoron. All capitalism is is any system which includes free market trade, that is, trade in which natural supply-demand pressures dominate the markets pricing.
Nothing about that implies greed or altruism, it only implies everyone is trying to maximize their own fitness function (get the most utility for their resources). Its about effiency not greed.
@freemo @avlcharlie well, unless people attempt to develop some level of sophistication, efficiency turns into greed, because thoughtless accumulation is the easiest thing to do. This is reinforced by a social environment where chronic accumulators are considered successful by chronically accumulating media.
Bow ya figure that makes no sense. Accumulating resources in a vault untouched is the least effecient form, you literally have negative effiency as inflation devalues assets. A person would achieve effiency by investing thrir mo ey wisely and ensuring other people are using those resources to effectively increase the total resources in the market.
You are getting stuck in the fallacy that someone havibg authority (ownership) over those resources means that other people cant use it for their own gains as well which is entierly contrary to the reality. Those resources will be in others hands and used by them in some agreement to use them for mutual gain (investment in others).
@freemo @mapto @avlcharlie "Lay not up for yourselves treasure on earth - where moth and rust doth corrupt, and thieves break through and steal, [and inflation doth devalue]."
Investing in people is also a thing:
For the sons of this age are more shrewd in dealing with their own kind than are the sons of light. I tell you, use worldly wealth to make friends for yourselves, so that when it is gone, they will welcome you into eternal dwellings. Whoever is faithful with very little will also be faithful with much, and whoever is dishonest with very little will also be dishonest with much.
