Capitalism almost encourages such divergences, and we see them in wealth inequality today. Why is this bad?

Depends who you trust to allocate wealth. Do you trust the competing forces in a capitalist marketplace, or do you trust a government? And if the latter, why not just institute (or re-institute, in the case of Europe) absolute monarchies?

The free market allocates wealth according to institutional (corporate) competitive success. Therefore, there is no single decision maker regarding said allocation; it’s done by the market. That, to me, seems imperfect, but safer than trusting the decisions to a hegemon, be they elected or be they an institution.

It’s better to have 1000 SMEs competing than 1 lumbering monopoly. The system of capitalism tends towards inefficiency as competition subsides.

Agreed, but there’s no difference in practice between having 1 lumbering monopoly and 1 lumbering government running things. And of course the solution to the latter issue is anti-monopolistic laws, which we have in the US and which operate reasonably well.

Perhaps we’re not supposed to have the perfect government, it’s an impossibility given we’re trained to live in tribes of no more than 150 individuals, with close family bonds and a nomad lifestyle.

Spent much time in China? The Chinese government likes to discuss how democracy is not viable when you have a billion and a half people spread over a massive geography. I’ve often wondered if they’re right, and that the division that we see in the US is the beginnings of those fissures starting to show themselves, at 320 million people. It does indeed seem that the way we are wired inclines us first to our nuclear family unit, then the extended family, then the tribe.

We have to allow for the fact that perhaps we are all just plain wrong and cannot be right.

Well, the third problem is insanity. The ability of people to post electronically, without any risk of social ostracization or getting a fist in their faces, has demonstrated to me, at least, that a scary number of people around us that we thought were reasonable, sane individuals…..really aren’t.

Then you read about the Simulation Argument and become a nihilist :)

Well, religion saves me from that, at least. :-)

Data Driven Econophile. Muslim, USA born. Been “woke” 2x: 1st, when I realized the world isn’t fair; 2nd, when I realized the “woke” people are full of shit.

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