Earlier quoted context omitted.
Capitalism = greedy optimization with a Bayesian assumption. It tends to get stuck in local maxima and does weird things when the inputs are biased, but otherwise works ok. There are almost certainly better ways to search the solution space, but most serious attempts attempts thus far have been non-sensical or impractical.
No one objects that capitalism isn't a good optimization processes. Just that it's optimizing the wrong utility function. At one point something like 50% of STEM majors at MIT went to work on wall street. And the ones that don't go there go to work making more efficient targeted advertisements or addictive smartphone games or other unethical shit. Our population has a limited number of "smart people". I don't think a…
That's well over the line into dictator territory. The results never match the predictions in the brochure. That's pretty much a sure fire way to get a tribunal convened at the Hague or a not-friendly visit from a SEAL team.