Earlier quoted context omitted.
"Is the U.S. rich in happiness? contentment? My perception is no." Happiness is relative. Struggling to scrape by on a dollar a day, and wondering where your next meal is going to come from must be pretty awful. Perhaps more people should do volunteer work to realise just how lucky we have it in the west. I think that by being wealthier, you can "move up" Maslow's Hierarchy of Human Needs[1], and if you reach 'self-a…
A problem solver needs enough money (have the means) in order to pursue solutions. I don't think a great scientific discovery has ever been made because the discoverer wanted to get rich. Capitalism provides an allocation mechanism so that money (the means of discovery) makes its way to enough problem solvers. Capitalism might even be the best mechanism for doing this to ever be practiced. We agree on these points (s…
Regarding number 1, there's no divergence, I agree with you 100% on capitalism not dealing with negative externalities. I think that no financial system we will ever come up with will ever be perfect.
Regarding 2, this appears to be a disadvantage one must accept with a capitalist system.
Regarding 3, I would be more positive. I think technology and human ingenuity will overcome pollution eventually, maybe by nanotechnology or clean tech etc. Maybe even human colonies in outer space, like the movie Wall-E or something. In the 1960s there was a theory that the world's population would grow faster than our ability to feed it. The Haber-Bosch process now feeds one-third of the world's population.[1]
Good talking to you. It's good hearing different perpectives on these issues.