It rewards stupidness, cutting corners, lying to people. Capitalism has created an economy driven by forced/planned obsolecence of hardware, literal gambling with rich people just betting against other businesses, industries and entire nations.
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Basing our world around a system that on average funnels the least empathetic, most callous, greedy and power hungry psychopaths and sociopaths to positions with the most influence surely cannot possibly backfire in a major way for the rest of us.
It will be studied in the far future the way we study monarchy or the Roman Empire.
Assuming we survive the extinction event we caused.
The self attribution fallacy
https://www.monbiot.com/2011/11/07/the-self-attribution-fallacy/
If wealth was the inevitable result of hard work and enterprise, every woman in Africa would be a millionaire. The claims that the ultra-rich 1% make for themselves – that they are possessed of unique intelligence or creativity or drive – are examples of the self-attribution fallacy. This means crediting yourself with outcomes for which you weren’t responsible. Many of those who are rich today got there because they were able to capture certain jobs. This capture owes less to talent and intelligence than to a combination of the ruthless exploitation of others and accidents of birth, as such jobs are taken disproportionately by people born in certain places and into certain classes.
The findings of the psychologist Daniel Kahneman, winner of a Nobel economics prize, are devastating to the beliefs that financial high-fliers entertain about themselves.
Is there any system that reward talent, hard work or skill ?
In theory yes but in practice greedy leeches have found their way
If you try to do that you need metrics for evaluation and then you get people gaming the metrics. One example is academia.
You would think, but actually there's been some recent research that I think has interesting conclusions. The example, which is semi-related, is performance as a manager. When promoted using merit based, people tended to perform worse bcz they are promoted based on past performance in unrelated roles. When promoted randomly, the people who excelled at being a manager stayed in that position, and outperformed others who were promoted based on merit.
The point being, you don't know who's going to be good at something based on past performance in unrelated roles. We've built an entire system based on that concept, and it's not really that surprising that it doesn't work that well. If I can find the research article again, I'll link it.
Edit: found it
The point being, you don't know who's going to be good at something based on past performance in unrelated roles.
What's surprising to me isn't that the random promotion system works over the performance in past unrelated roles system...
What's surprising to me is that you practically never see the only other logical conclusion used in the business world much.
Aptitude testing.
Market socialism maybe. Look up mutualism and anarcho-syndicalism.
But personally I don't think we need to do that. It's to each according to need, not to each according to ability. We shouldn't give people less because they're disabled or more because they're abled.
^ this.
Once we can meet everyone's needs, then we can start talking about how to allocate the surplus. But I trust a society that takes cade of its people more than I trust us, in our current state, to have the right ideas about how that should work.
Sports, kinda. It's possible to go unrewarded with them, but it's very hard to go rewarded without them.
If you mean economic system, not really. Capitalism rewards having capital over everything else, communism (if we ignore the flawed attempts and go for theory) rewards everyone equally irrelevant of how hard you work or what your skills are. Though being skilled in something that's actually pleasant as a job is a reward in itself as you won't have to work manual labour.
Guild Economics, where you only ascend to leadership with experience in your trade. I don't like the idea that some kid out of university could be assigned manager of an industry they didn't even study for. Realistically, 90% of the workforce does not need to have gone to uni and we could reorganise society around apprenticeships instead.
No, don't be anti-education. Uneducated people make easy prey.
in germany the apprenticeship system is very advanced and you can apprentice your way to a bachelor's equivalent with further study to a master's equivalent. that's how most trades work here. apprentices do part time studying at a trade school and part time working the trade over multiple years simultaneously, with exams issued by the school and for example a chamber of industry. it's very effective at turning students into effective workers, and if you find the right job you've got good prospects for a lifelong career, but obviously it does not teach you to doubt the system. of course there are also usually no "unnecessary" courses that would take away from an apprentice's focus. i think it's a decent balance, and you can always educate yourself on the state of the world in your free time.
Capitalism rewards fraud. It's the true american way.
Case in point - when imitation crab came out in the 80s it was freakin' delicious - tasted just like crab, and dirt cheap in comparison. But over the years they seem to have beem putting in less and less of whatever actual crab material gave it crab flavor, so now it's pretty much just nondescript fish + orange dye. A bad imitation of imitation crab. Instead of enjoying wonderful inventions like these we have to ruin them a little at a time so somebody can make a teensy bit more profit each time, until they're crap.
It also rewards putting words like Freedom and Liberty in the names of laws that restrict freedom and liberty.
It's in the name. Capitalism rewards capital.
Capitalism rewards capital. It's literally in the name.
I'm all of those and I'm super rich
an yet, you're on lemmy with the rest of us...
fake and possibly gay

Hey, we all love you if you're gay. Fake, however, that's unforgivable.
Do you have money? No? fuck you
This implies neurosurgeons aren’t talented
Well, it's not rocket science...
Capitalism rewards the lucky and the sociopathic.
I need more upvote power.
German saying: "a good horse only jumps ass high as it must."
There are no bonus points for clearing the hurdle with space to spare. You have to jump high enough, but no more.
It's greed, reckless and a total lack of conscience which is rewarded.