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Distributing "fairly" (as in equally) is not what capitalism does.
by ams6110 9y ago
Distributing "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.