What are markets
Capitalism isn’t markets and markets aren’t capitalism
Most normal people want affluence for all of society, freedom from hate and prejudice and a sustainable ecology. What differs is how we achieve that. We can rely on government policy or the markets. Most reasonable solutions will fall somewhere in the middle. This paper will discuss ways that an effective market can resolve some of the world’s major problems.
We need to distinguish between problems and side effects of a poorly functioning system. For example poverty and lack of education is a problem. Inequality is a side effect of a market that is not functioning as it should.
We need objective measures of progress that are short term and long term in nature. People need to see the short term progress made against longer term goals.