Kyle Montanio on Nostr: Ah, #capitalism. Neoclasical (mainstream) economic theory tells us it ensures ...

Ah, #capitalism. Neoclasical (mainstream) economic theory tells us it ensures resources will be put to the best, most efficient use. However, ignores the obvious: wealth equals power, so that what is "best" for society is what the richest value.

Like chasing everlasting youth by getting weekly blood transfusions from your teenage son and $40,000 gym membership add-ons.

Imagine if these resources were devoted to fighting #ClimateChange or #poverty instead.

https://www.axios.com/2024/05/19/wellness-longevity-industry-equinox-membership

#economics