And a pure focus on “us” can lead to poorer outcomes as there is no immediate reward for the person doing the work.
I'm not claiming capitalism doesn't work (at least for many definitions of capitalism, and work), but we should acknowledge its drawbacks, acknowledge strengths of other systems that otherwise failed, and hope to find a better model that has similar advantages with fewer of the drawbacks.
..except when we're not. You often see in-group worker game the system by taking ever increasing cash comp ("i win either way") or special incentive bonuses for managers who ensure delivery. Meanwhile, VCs are on first-out preference shares. Worse, you often dont know this is happening so you continue to think the real game is cashing out your equity.
This is poor governance IMHO. And many workers end up sniffing it out. The ultimate capitalist system would have absolutely guaranteed comp by equity w/o special side incentives.
But I think it’s disingenuous to say that a system focused on “we” suddenly solves all the issues with capitalism (which is what the grandparent was trying to infer).
Alternatives to capitalism have been tried and it always fails.
Venezuela is the most recent example.
I just looked up Venezuela's situation. Well, food prices are going up because diesel sanctions prevent farmers from running their tractors. That's definitively not a currency problem.
Focusing on freedom ends up in anarchy and chaos everywhere.
Freench revolution is the most recent exanple - just look at the amount of people beheaded!
It's individualism for me now. Me, my friends, the neighbours.
Everyone else, figure it out, I'm not your pawn.
And yet, oddly enough, countries with regular civil unrest tend not to be bastions of civil liberty, but violent mafia-run hellholes.
Perhaps the capitalists should drop the talk about freedom and voluntary trade. Or we need a new word for "freedom" that doesn't classify structurally coerced choices as "free".
If government policies are set in a way that encourages this outcome then that's what you get. It doesn't have to be that way.
In nations where people don't believe such blatant lies money doesn't turn into power nearly as easily. And look, poor people in those countries are actually much better cared for and live better lives than in USA! The bottom 90% are 90% of voters and therefore have all the power to make whatever policies they want. And once the 90% makes a lot of policies it is really hard to stop them from continuing doing that, you have to work really really hard to keep them away from power and to continue keeping them away.
You responce sounds like you are trying to have it both ways
But it is interesting to wonder if decreased birth rates could be both a symptom and cause of decreasing collectivism.
Not a very glorious or elaborate response, granted, but Occam's Razor must never be ignored.
"Decreasing collectivism" is only stemming from "every man for himself" because the economy is objectively getting worse and worse for most folks out there. It's a very logical outcome.
This might be the biggest problem human race has to solve. How to encourage and reward good behavior for the greater good. Economists would say it's a problem on how to price in externalities. It doesn't matter.
I see it everywhere. In academia, most big PIs I've met don't care about pushing knowledge frontiers. It's about their own careers, putting their names on as many manuscripts as possible and securing funding to hire more and more people.
In my neighbourhood teens are systematically breaching COVID restrictions with huge illegal parties, spreading disease and therefore causing fatalities. Since the odds of having severe COVID are low for them, they don't care.
The local power plant was scamming with their emissions in a VW-like way, by tampering CO2 meters in their chimneys.
I could go on and on.
How can we address these behaviors? Pg has said somewhere I can't find now that scaling big companies is still an unsolved problem, and that solutions are welcome. I think it's the same class of issue. Once you are big enough to require a layer of middle management, you won't be able to filter out the selfish ones.