4 ms·
I thought competitive markets are the most fair solution to the class of multiplayer games in which the participants have asymmetric access to many kinds of sca
by Kbelicius 10y ago
I thought competitive markets are the most fair solution to the class of multiplayer games in which the participants have asymmetric access to many kinds of scarce goods.
How does capitalism solve those problems?
- dlss 10y agoCompetitive markets are a sub-component of Capitalism. Allowing private individuals to own the means of production (so corporations) is another important part of capitalism not guaranteed by competitive markets. Voluntary exchange is also not guaranteed by merely competitive markets. See https://en.wikipedia.org/wiki/Capitalism https://en.wikipedia.org/wiki/Capitalism