Originally published in Sirius Business.

Capitalism is often blamed for profiteering at the cost of our well-being. Some corporations pollute and create unhealthy products like cigarettes, junk food, social media and addictive drugs. They don’t install seat belts until the government forces them to do so. They bribe researchers, lobby the government and harass anyone who seeks to undermine their revenue.

I actually agree with Bernie Sanders here: Those are real, egregious issues that must be dealt with. Not to forget the military-industrial complex. But the problem is not capitalism: it’s the lack thereof, in one critical sector. The natural enemy of public harm is insurance, and we have socialised it.


Martti Malmi

Early bitcoin developer, voluntaryist. A.K.A. Sirius.

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