I agree capitalism and incentives produce loopholes, but a lot of those can be closed pretty easily with good governance. For example, many of us are tech workers and paid with stock/options/equity. This is a great system to align incentives -- we're all in the same boat to win or lose.

..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.

other systems don't just happen to fail. they were strangled by capitalism. given that, how do you really expect to find a better model with fewer drawbacks and put it in place?

Oh I don’t disagree. Capitalism without regulation can result in poor outcomes for some markets. As you said, regulations can help but also create loopholes that are quickly exploited.

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).