Earlier quoted context omitted.
The main issue on an economical point of view is that copyright is not the framework we need for social justice and everyone florishing by enjoying pre-existing treasures of human heritage and fairly contributing back. There is no morale and justice ground to leverage on when the system is designed to create wealth bottleneck toward a few recipients. Harry Potter is a great piece of artistic work, and it's nice that…
Capitalism is allergic to second-order cybernetics. First-order systems drive outcomes. "Did it make money?" "Did it increase engagement?" "Did it scale?" These are tight, local feedback loops. They work because they close quickly and map directly to incentives. But they also hide a deeper danger: they optimize without questioning what optimization does to the world that contains it. Second-order cybernetics reason a…
>Capitalism is not simply incapable of reflection. In fact, it's structured to ignore it. It has no native interest in what emerges from its aggregated behaviors unless those emergent properties threaten the throughput of capital itself. It isn't designed to ask, "What kind of society results from a thousand locally rational decisions?" It asks, "Is this change going to make more or less money?"
Capitalism and free market has lot of useful and emergent properties that occur not at the first order but second order.
> In the case of the global economic system, under capitalism, growth, accumulation and innovation can be considered emergent processes where not only does technological processes sustain growth, but growth becomes the source of further innovations in a recursive, self-expanding spiral. In this sense, the exponential trend of the growth curve reveals the presence of a long-term positive feedback among growth, accumulation, and innovation; and the emergence of new structures and institutions connected to the multi-scale process of growth
https://en.wikipedia.org/wiki/Emergence
In fact free market is an extremely good example of emergence or second order systems where each individual works selfishly but produces a second order effect of driving growth for everyone - something that is definitely preferable.