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> What do you do until then?

Sure, but you iterate. We decided as a society that Polio was awful enough that we wanted to eradicate it. If we freed up enough effort that is currently wasted on chasing profits, we could eventually get to solving problems like "shit stinks and it sucks having to clean it".

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Absent corruption, profits must by definition come from money paid by people who determined that, according to themselves, the work being paid for has value. This is why capitalism works. It is a mass, distributed, value computation engine.

Considering this, I don’t see how effort is wasted on profit, since the effort produced something that someone considered valuable. Do we have another way of computing value at scale? To date, I haven’t seen any realistic proposals.

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