In the same vein, very little attention is given by capitalism to the details of what is the value of things that don't have a price, like, ecosystems, or human dignity.
The assumption of perfect efficiency and that the free market magically leads to the best outcome for all is wrong. It's a very common assumption too. Even though the absurd level of inequalities or the ultra short-sighted plundering and wreaking of natural resources are often remarked about.
The assumption of perfect efficiency and that the free market magically leads to the best outcome for all is wrong. It's a very common assumption too. Even though the absurd level of inequalities or the ultra short-sighted plundering and wreaking of natural resources are often remarked about.