Earlier quoted context omitted.
> Based on past experiments, it seems that the market does a pretty good job of predicting what society actually wants and needs, whereas enlightened do-gooders aren't as good as they think. I would love to see those studies! I'm struggling to imagine how you'd even find a random sample of do-gooders, let alone measure their effect on their communities.
A good proxy is market demand. If Apple releases an iPhone and 1bn people buy it they served the needs of at least 1bn people. Of course, a whole lot of poor people (probably the other 5/6 bn) won't be affected immediately but some years later they also start benefitting and today it's almost a (used) 100$ laptop per child equivalent (except for the poorest). You can argue the same way about mpesa, bitcoin and other…
Example: Global warming is a result of the "market", an unexpected consequence from decades of growth. It can only be countered by coordinated action.
To get back to the topic at hand: The "elites" should be the ones who lead such a transformation instead of, say, just looking to advance their carreers.