Anthropic Capitalism and the New Gimmick Economy

Anthropic Capitalism and the New Gimmick Economy

Consider a thought experiment: If market capitalism was the brief product of happy coincidences confined in space and time to the developed world of the 19th-20th centuries, (but that were no longer true under 21st century technology) what would our world look like if there were no system to take its place? Let us list a few such heuristics that may have recently been approximately accurate, but which are not enforced by any known law:

The anthropic viewpoint on such heuristics, more common in physics than economics, would lead us to ask “Is society now focused on market capitalism because it is a fundamental theory, or because we have just lived through the era in which it was possible due to remarkable coincidences?” Such files have the twin attributes of what economists call public goods:

Even die-hard proponents of market capitalism will cede that this public sector represents “market failure” where price and value become disconnected.

Source: www.edge.org