alt Hacker NewsIt's not wasted. Society can pay for the talent it wants, and they don't want to pay for this. Instead this talent helps to grow the overall wealth on in the world, letting us pay for the stuff we want.
It's not wasted. Society can pay for the talent it wants, and they don't want to pay for this. Instead this talent helps to grow the overall wealth on in the world, letting us pay for the stuff we want.
I'm sure people (society) wants cheap food, free universal healthcare, free public transport, so why don't we have these things?
Under capitalism each of these individual systems needs to turn a profit to be deemed worthwhile instead of treating the system as a whole and taking into account the economic externalities and benefits to the entire system.