Jan 22, 2008: Michael Shermer on evolution and capitalism

[LogicalFlawDetector]

Free market capitalism FTW!

[theozone2005]

Anything that can be reproduced by achieving reproductive energy, that reproduces with variation, and is selected by specific criteria, undergoes evolution. Products (organisms) are reproduced, are selected by consumers (nature) which determines which ones make revenue/profit (food/energy/mates) The next generation, which a majority of are reproduction of the fittest products (organisms), are reproduced with variations and begin a new selection process. It never ends. Capitalism is Evolution.

[Surhotchaperchlorome]

This video = Why a person can't believe in Evolution and not capitalism and vise versa. :)

Outstanding, Mr. Shermer.

[MajDigi]

I believe in evolution without believing in capitalism.

[LordVigeous666999]

are speculators good or bad?

[soylentgreenb]

Provided the speculators are not engaging in fraudulent behaviour(e.g. naked short sales) they are useful.

When speculators make the correct bet they make a profit and provide stability and liquidity in the market.

E.g. if speculators believe wheat will become more scarce next year, they spur farmers to plant more wheat and somewhat reduce present wheat consumption by bidding up the price of wheat futures.

[LordVigeous666999]

Exactly

that was the point I planned to make to the other guy.... but....ah.... you saved me typing time.... so.....

Thanks. lol

[axe863]

@MajDigi Well.... then youre compartmentalizing