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ok, i'm with thatYeah, that's why I don't think we're in hard disagreement -- I think it's just semantics.
My original point was in the context of capitalism and (mixed) free markets being the economic system which provides the greatest level of collective human benefit, relative to all the others, because it channels the negative aspects of human nature more efficiently to the greatest common good, relative to all the others.
So, recognizing that brevity in this case likely raises many more questions than it answers:
- Traditional: worse because of human nature
- Command: worse because of human nature
- Free Market: worse because of human nature
but what i would suggest is that 'capitalism' also gets semantical in this - one definition would support the notion of an overall benefit bc it maximizes development another would support notion of overall detriment bc it maximizes poverty/lack
- degree of regulation would need to be a necessary consideration
so which part of capitalism is being incentivized - maximizing wealth or minimizing loss?