I appreciate the thoughtful back and forth - I also think we agree more than we disagree.
> "...given that the proposition is such a strong one the burden of proof is on the proposer"
I should clarify that I'm not arguing so much that capitalism is the best possible system that could exist and it's always worth thinking about ways things than can be better. There is a lot of evidence in favor of capitalism though compared to other systems that have existed, mostly in the amount of created wealth it has enabled via growth and the speed at which that improvement happened. Then looking at all of the societal metrics that have improved in that context (infant deaths, violent crime reduction, poverty, etc.)
It's the best structure I'm aware of and a lot of idealized proposals of alternatives fall flat.
The Stubborn Attachments book makes this argument in a way I found pretty convincing.
> "But where we disagree, possibly, is that money is the only driver which causes people to start companies. The IBD banker in your example, would start the company regardless of whether the payout was lower, but by implementing a wealth tax, maybe the we could give the opportunity to the teacher with the great idea about educational technology to create _their_ business and enrich society."
I think you can give this opportunity without a wealth tax and its associated negative incentives (I think these issues are unrelated). I also don't think money is the only driver, but you don't want to dis-incentivize growth when you don't have to.
> "...given that the proposition is such a strong one the burden of proof is on the proposer"
I should clarify that I'm not arguing so much that capitalism is the best possible system that could exist and it's always worth thinking about ways things than can be better. There is a lot of evidence in favor of capitalism though compared to other systems that have existed, mostly in the amount of created wealth it has enabled via growth and the speed at which that improvement happened. Then looking at all of the societal metrics that have improved in that context (infant deaths, violent crime reduction, poverty, etc.)
It's the best structure I'm aware of and a lot of idealized proposals of alternatives fall flat.
The Stubborn Attachments book makes this argument in a way I found pretty convincing.
> "But where we disagree, possibly, is that money is the only driver which causes people to start companies. The IBD banker in your example, would start the company regardless of whether the payout was lower, but by implementing a wealth tax, maybe the we could give the opportunity to the teacher with the great idea about educational technology to create _their_ business and enrich society."
I think you can give this opportunity without a wealth tax and its associated negative incentives (I think these issues are unrelated). I also don't think money is the only driver, but you don't want to dis-incentivize growth when you don't have to.