Yes, you need food. Guess what, we have plenty of food. But the system for allocating food says this guy doesn't get any because he's disabled.
Yes, you need food. Guess what, we have plenty of food. But the system for allocating food says this guy doesn't get any because he's disabled.
We have plenty of food because of capitalism (particularly the fact that we have plenty of incredibly cheap food grown by a tiny fraction of our population).
I'm not saying it's an ought situation or even an is situation; it's that I disagree with his diagnosis of what causes it.
No, it has a lot to say about that. Our system encourages self-interest and maximizing profits, and that is what businesses do. Increases in productivity increase how much there is to skim off the products of said productivity. To them, using it for reasons outside profiteering is an immoral and wasteful. All the biggest players are aligned on this, and they are desperate to get another droplet of productivity by spending their money and power in all the right places. Corruption, favoritism, advertising, propaganda, monopolism (to accrue as much leverage over people and governments as possible). This is the default state that the system leads us to, it's not orthogonal, this is its natural outcome.
The counterexamples are countries that have found ways to counteract this influence in spite of the incentives. Usually it takes the right culture, as well as strong and competent government that looks out for their citizens. Capitalist absolutists rightfully see that all of this hinders their progress, so the fight between the 'make money at all costs' and 'we need to look out for other people' will always continue. If you don't fight it, you get something akin to the modern US.
Under "capitalism", the invisible hand of the free market is supposed to decide resource allocation.
What gets aspired to under the guise of "free market capitalism" is deregulation of the market in the ways which allow businesses to exploit consumers without consequences, such as lowering of environmental regulations or safety standards, but regulation when it hinders their competitors and lets them entrench their market position. Free market capitalism fails because of simple human nature - greed doesn't optimize for ethics, so neither do markets.
Any ideal system that simply expects people to act rationally and ethically en masse is doomed to fail, which is why capitalism only works when regulated and in the context of a society with strong social cohesion and a safety net because certain things like education and healthcare shouldn't be subject to free market dynamics.