Any system that rewards achievements of any kind work inventions or whatever, will have people cheat to fake it to get the reward. Even if there is no currency and it’s only for instance prestige.
Capitalism is bad, which is why it is regulated. But it’s the least bad system we have for now, so it all depends on good regulation.
This attempt to make equivalent different systems that reward achievements doesn’t hold water when you think about the real world outcomes of different examples. E.g. rewards for research in the scientific community vs rewarding profit maximization in corporate America. There’s a vast trough of dead and sick people separating the two, among other differences.
Capitalism successfully captures regulation (and democracy). The only mechanism that I’m aware of which has shown evidence to resist that is labor organization. But clearly that can be restrained too after a while.
Any system that rewards achievements of any kind work inventions or whatever, will have people cheat to fake it to get the reward. Even if there is no currency and it’s only for instance prestige.
Capitalism is bad, which is why it is regulated. But it’s the least bad system we have for now, so it all depends on good regulation.
This attempt to make equivalent different systems that reward achievements doesn’t hold water when you think about the real world outcomes of different examples. E.g. rewards for research in the scientific community vs rewarding profit maximization in corporate America. There’s a vast trough of dead and sick people separating the two, among other differences.
Capitalism successfully captures regulation (and democracy). The only mechanism that I’m aware of which has shown evidence to resist that is labor organization. But clearly that can be restrained too after a while.