[QUOTE=Fuzz;9292744]
Quote:
Originally Posted by BoLevi
And if you don't have offspring to care about? Why would people still do it, in the world the way you imagine it to be? You seem incapable of understanding that people do things often because it is the right thing do do for others, even if it provides little or no individual benefit.
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I actually specifically acknowledged that above in one of my posts. I'm not talking about how people prefer to spend their excess capital, which is one thing. I'm talking about how capital is most efficiently allocated...and it is somewhat of a red herring to claim that "externalities" are often negative outcomes that should limit or modify our view of capital allocation as one other poster suggested. The use of "externalities" as a mechanism of justifying an anti-capitalist/free-market stance doesn't work, because they represent the self-interest of another party. So we're back at square one in terms of acknowledging self interest.