"Maybe socialist societies with angels for bosses would be better than capitalist societies with humans for bosses." No, it would not. Even if the bosses are angels, socialism introduces motivation problems and destroys the market's function in communicating preferences.
Well said. This is the core problem with many political arguments they often compare the status quo to an imagined ideal. When you compare the world we live in to one without tradeoffs and infinite free lunches, of course the world this imagined world is preferable. Our best bet is to design a world that simply does the best that it can within the confines of reality.
"Maybe socialist societies with angels for bosses would be better than capitalist societies with humans for bosses." No, it would not. Even if the bosses are angels, socialism introduces motivation problems and destroys the market's function in communicating preferences.
Well said. This is the core problem with many political arguments they often compare the status quo to an imagined ideal. When you compare the world we live in to one without tradeoffs and infinite free lunches, of course the world this imagined world is preferable. Our best bet is to design a world that simply does the best that it can within the confines of reality.