A few years ago at a conference about queer video games, I said to an acquaintance, “It seems like there are some financial barriers to creating good queer video games.” My acquaintance says, “Yeah, well that’s capitalism.”
But is it? Is it really???
Sure, capitalism makes it hard to make well-funded games catering to a minority group. But it’s pretty hard to imagine an alternative economic system where we decide to invest a disproportionate amount of resources for the cultural benefit of a minority. Of all the problems created by capitalism, I’m not sure this is one of them. If anything, I would blame… eh… utilitarianism.
Capitalism vs utilitarianism
You may have heard that, in the simple case, a “free” market maximizes the good for the greatest number of people–that is, it’s the most utilitarian economic system. It chooses the optimal pricing and product allocation, eliminating “deadweight loss”, which is an angry red triangle that inhabits the supply/demand curves. There are of course, a lot of issues with this claim, most of which are beyond the scope of this post. The currently relevant issue is that hardly any markets qualify as simple.