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I would rather say that market economies finds the most efficient way to produce a thing. Capitalism finds the most efficient way to extract rent from that pro
by CuriousSkeptic 7y ago
I would rather say that market economies finds the most efficient way to produce a thing.
Capitalism finds the most efficient way to extract rent from that process.
One way to evolve society would be to find out how to leverage market economies for efficiency without having all that rent extraction ending up in the hands of a small elite.
Imagine an economy where competition for efficiency is based on actual contributions and cooperation and not on anti-social behavior like guarding trade secrets and patents, or other hostile attempts at securing a market share