It would seem that capitalism has done a great job solving problems where value-creation yield a sustainable level of value-capture: farming, manufacturing, etc.
However, there's a lot things where there's a ton of value-creation without enough capture. This is where collective action problems must be solved. This could be a consortia like an IEEE standard, gov't funding like the NSF, or something like a city. Many options, but none purely capitalist in the traditional sense of the word.
However, there's a lot things where there's a ton of value-creation without enough capture. This is where collective action problems must be solved. This could be a consortia like an IEEE standard, gov't funding like the NSF, or something like a city. Many options, but none purely capitalist in the traditional sense of the word.