I think we’re talking past each other a bit. It’s absolutely true that the vast majority historically and, to a lesser extent, in modern times, are pretty constrained in their choices. This constraint is HIGHLY correlated with distance from participation in voluntary trade (of labor or resources).
I think the disconnect is the word “capitalism”—when you talk about stock markets and price discovery, that says to me you’re thinking of a small part of the system. I fully agree that there are a lot of really unpleasant equilibra with the scale and optimization pressure of the current legible financial world, and I’d love to undo a lot of it. But the underlying concept of enforced and agreed property rights and individual human decisions is important to me, and seems to be the thing that gets destroyed first when people decry capitalism.
Ok, it sounds, even to me, like “The heads. You’re looking at the heads. Sometimes he goes too far. He’s the first one to admit it.” But really, I STRONGLY expect that I am experiencing peak human freedom RIGHT NOW (well, 20 years ago, but it’s been rather flat for me and my cultural peers for a century, even if somewhat declining recently), and capitalism (small-c, individual decisions and striving, backed by financial aggregation with fairly broad participation) has been a huge driver of that. I don’t see any alternatives that preserve the individuality of even a significant subset of humanity.
I think we’re talking past each other a bit. It’s absolutely true that the vast majority historically and, to a lesser extent, in modern times, are pretty constrained in their choices. This constraint is HIGHLY correlated with distance from participation in voluntary trade (of labor or resources).
I think the disconnect is the word “capitalism”—when you talk about stock markets and price discovery, that says to me you’re thinking of a small part of the system. I fully agree that there are a lot of really unpleasant equilibra with the scale and optimization pressure of the current legible financial world, and I’d love to undo a lot of it. But the underlying concept of enforced and agreed property rights and individual human decisions is important to me, and seems to be the thing that gets destroyed first when people decry capitalism.
Ok, it sounds, even to me, like “The heads. You’re looking at the heads. Sometimes he goes too far. He’s the first one to admit it.” But really, I STRONGLY expect that I am experiencing peak human freedom RIGHT NOW (well, 20 years ago, but it’s been rather flat for me and my cultural peers for a century, even if somewhat declining recently), and capitalism (small-c, individual decisions and striving, backed by financial aggregation with fairly broad participation) has been a huge driver of that. I don’t see any alternatives that preserve the individuality of even a significant subset of humanity.