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>>I suspect the reason is that actual capitalism (as opposed to the ideal construct) is more based on Social Darwinism and capital accumulation than on trading
by CryptoPunk 8y ago
>>I suspect the reason is that actual capitalism (as opposed to the ideal construct) is more based on Social Darwinism and capital accumulation than on trading for the mutual benefit of all market participants.
The ideal construct of a market economy is not based on "trading for the mutual benefit of all market participants".
As Adam Smith so sagely put it 250 years ago:
>>It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantages.
The mutual benefit is an emergent outcome, not a conscious intent of any particular participant.
Advocacy of market economics is largely based on a sober outlook on the nature of man, and a pragmatic plan for improving its condition.