> Value is objectively psychological: different individuals have different minds, but the workings of those minds are just as amenable to objective investigation as anything else
I agree, but if you go down that path you realise that morals are objectively psychological too and in which case why do people have different ones? are they just broken? and according to what standard?
Its not that you can't predict someones morals/values from a copy of their brains, its that you can't rank them objectively, i.e. not using your own morals/values as a basis.
> You have described how you imagine capitalism is supposed to function or should function. You have not described how the real-world system known as "capitalism" actually behaves. You have not made a prediction.
I'm talking about capitalism as a system, its implementation has flaws and winners and losers and I think its important to fix them. But, I do think its a good system. I think it makes sense to start with an ostensibly good system than any other without very good reasons not to.
> strange in-group buzzwords like "values being satisfied"
I agree, but if you go down that path you realise that morals are objectively psychological too and in which case why do people have different ones? are they just broken? and according to what standard?
Its not that you can't predict someones morals/values from a copy of their brains, its that you can't rank them objectively, i.e. not using your own morals/values as a basis.
> You have described how you imagine capitalism is supposed to function or should function. You have not described how the real-world system known as "capitalism" actually behaves. You have not made a prediction.
I'm talking about capitalism as a system, its implementation has flaws and winners and losers and I think its important to fix them. But, I do think its a good system. I think it makes sense to start with an ostensibly good system than any other without very good reasons not to.
> strange in-group buzzwords like "values being satisfied"
chuckle why yes, I do read SSC but I picked that up from http://www.amazon.com/Lessons-Young-Economist-Robert-Murphy/... many years before I ever heard about Scott Alexander.