Science and Capitalism and Leadership

Which is responsible for lifting people out of poverty?

The roots of capitalism have existed for nearly 500 years, and yet during those early centuries, capitalism alone didn’t lift the masses out of poverty. Industrialization due to the application of science which enabled the creation of engines and machinery raised the standards of living for most by allowing goods to be created cheaply and wages to rise for those who made them due to the high quantities they could produce. Capitalism then provided the structure for those things to scale which created the modern world.

Capitalism alone is equivalent to “buy low, sell high” and “collect early, pay late.” Nearly every business attempts to run this way. You may buy the services of an employee and mark them up for a customer. The business ideally collects the money for those services from the customer upfront and then pays the employee after they have rendered the services. The difference is kept as profit.

Capitalism is one of the best ways we know of picking who gets to lead without violence. However, science is what enables capitalism to raise the standard of living for society. Increased throughput leading to cheaper goods, and medicine that increase age expectancies, and luxuries that increase comfort like air conditioning are all enabled by capitalism. Without science involved however, capitalism is just swapping leadership rather than enabling a rising standard of living. This creates a strong case for leadership that understands science because without that there is societal stagnation. Without science-based leadership, power structures are built not for making things better, but to maintain the status quo of who is currently leading the world, which takes all of those possible world-changing, increasing standards of living and flushes them in most cases.

What the world needs is understanding of science and capitalism and leadership that understands how to bring all of this together to help the greatest number of people, rather than the fewest. A rejection of science as way to make things better is a rejection of raising the standard of living around the world.