Capitalism works by having many firms fail which is a huge waste of resources. This is Schumpeter's "creative destruction", which may yield better products and firms through competition, but does not factor in the waste that occurs during the process.
Some 250 million computers are discarded each year, for example. Now there have been improvements that occurred at a rapid rate because of the turbulence in this field. Compare this to the days when IBM had a monopoly on mainframes and new models came out once a decade.
So I'm not suggesting holding back innovation, but the present system has gone too far. That's why we need to have so free ranging discussions and get away from the mindset which only allows for a "market-based" economy. Policies not Politics ---- Daily Landscape
Take a colony of bacteria. Capitalism is fine for the very start of the colony. Long before reaching the edges of the Petri dish, it must change. Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi
