Is Capitalism Obsolete?

Scott Adams, creator of Dilbert, says that capitalism is out-of-date due to crooks using technology to steal.

Link: Scott Adams Blog: The End of Capitalism 12/16/2008.

…capitalism had a good run, but it will soon be done. Socialism will be too expensive to maintain as the world economies slow, and communism won't be making a comeback. The economies of the future will be something new.

Capitalism was conceived before the Internet, and before the gears of commerce became computerized. The system could absorb a lot of con artists because they didn't have the ability to steal fast enough to cripple the system. As you know, that has changed. Crooks in expensive suits now have the ability to swindle trillions, collectively, thanks to the efficiency of the system. And idiots in expensive suits can do even more damage.

The economy is now too complicated for even the regulators to know when a con or a huge mistake is happening. The balance of power has swung to the crooks and the market manipulators. Even if we could regulate away these problems, it's already too late. There isn't enough money left to support the planet under the current social systems, at least not when the boomers start retiring and unemployment starts climbing.

Visualizing the Future

Scott Adams, creater of Dilbert, describes his vision of the future as an 11-year old.

Link: The Dilbert Blog: Famous Artist School

I was rejected by the Famous Artists School because I was too young. The cutoff was 12-years old.

At that age, I was quite certain I would someday be a famous cartoonist for newspapers. I imagined it quite clearly. And when my career later took a turn toward cubicles, I woke up surprised every day that I wasn’t already a well-known cartoonist. (That is literally true.)

Scott Adams on Global Warming

Scott Adams, creator of Dilbert, has been reviewing the evidence about global warming and reaches some conclusions. Excerpts below.

Link: The Dilbert Blog: Global Warming – Part 4

1. The earth is getting warmer, and human activity is an important part of it. I base this conclusion on the lack of credible peer reviewed work to the contrary and the mountain of work that confirms human-induced warming. While individual studies might be wrong, it’s extremely unlikely the entire field has been so thoroughly duped.

2. There is plenty of bullshit on both sides of the issue. The people arguing that humans are not causing relatively rapid rises in temperatures are under-informed, misinformed, or suffering from bad thinking and bad analogies.

3. The people who are well-informed about global warming are overstating the case by conflating the well-studied fact of human-created warming with the less-than-certain predictions of what happens because of the extra warming. And there’s a tendency to leave out the “why I might be wrong” parts of the argument. I call that bullshit.

4. The people who say global warming is irrelevant because we should all be recycling and using less fossil fuel for other reasons anyway don’t understand the size of the problem. Ordinary conservation in the industrialized nations won’t put a dent in it.