3 ms·
Every time we say "in theory a competitive market could achieve the same goals," we find that the entrepeneurs don't have the same goals. The problem isn't the
by fatbird 6y ago
Every time we say "in theory a competitive market could achieve the same goals," we find that the entrepeneurs don't have the same goals. The problem isn't the mechanism of capitalism, it's the naive belief that consumer goals and seller goals are aligned.
- a1369209993 6y agoActually the problem is more that the theoretical concept of a competitive market bears about as much resemblance to any real consumer goods market as a homogenous sphere of bone, meat and skin in a frictionless vacuum bears to a cow.
- fatbird 6y agoAgreed.