The stock market betrays a fundamental tenet of capitalism, that the beneficence of the system is largely the result of greed. Some of the products are not so beneficial: Bitcoin, opioid addiction, social media, violent computer games, debased entertainment, stock market crashes, greenhouse emissions…the list goes on.
Other systems fail because they rely on structuring the presumed and fictitious potential for human perfection. Capitalism succeeds because it harnesses a primeval drive that cannot be thwarted, and only partly directed.
Let us be thankful that structured greed can enable the good, as manifested, in no particular order, by Pfizer, Moderna, AstraZeneca, Johnson and Johnson, Novavax, Inovio, et al.
All of these superlative accomplishments happened in democratic countries. Freedom of expression lubricates creativity, which is enabled by capital.
Isn’t it remarkable?