October 8, 2026

2 thoughts on “The short-sighted idiocy of capitalism”

  1. The article is titled “The short-sighted idiocy of capitalism”. I couldn’t see anything about the article that would make anyone think capitalism is idiotic or short sighted. In fact, capitalism is all about being as far-sighted and intelligent as you can possibly be given the information available at the time.

    Based on the article, it appears there wasn’t the right information available at the time decisions were being made about which bananas to grow. So mistakes were made and are being corrected by the mechanisms of capitalism. That is excellent and admirable compared to what governments do – make the same mistakes over and over while spending more each time they make the same mistake.

    But I do think the author is short sighted and an idiot for using such a completely wrong and mis-leading title.

  2. Tom, always enjoy the info presented in this newsletter.
    Will be down that way in Dec. Would like to meet if you are around.

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