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It is fair by the laws of Capitalism. China is roughly 3x the US population. If everything is distributed "fairly" by the invisible hand, they should end up w
by scottLobster 9y ago
It is fair by the laws of Capitalism. China is roughly 3x the US population. If everything is distributed "fairly" by the invisible hand, they should end up with a larger piece of the economic pie. Whether we as Americans want that or should want that is another issue.
- ams6110 9y agoDistributing "fairly" (as in equally) is not what capitalism does.
- geezerjay 9y agoCapitalism is all about fairness, because income depends on competition. Ceteris paribus, China's size means it has a larger market, more competitors and therefore a larger market share.
- scottLobster 9y agoWhich is why I'm using the invisible hand definition of "fair". The principle of the invisible hand, a cornerstone of modern capitalism, is that when everyone does what is in their own best interest things are distributed most fairly. Not saying I agree with it, but that's the moral theory.