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> Zero-grow and shrinking economies can allocate resources well through markets. Capitalism isn't "a/many market(s)." Capitalism is much more than that, and on
by ianleeclark 6y ago
> Zero-grow and shrinking economies can allocate resources well through markets.
Capitalism isn't "a/many market(s)." Capitalism is much more than that, and one of those constituent pieces is profit-seeking.
- chii 6y agoa functioning market require profit-seeking behaviour.
- ianleeclark 6y agoYou could have a market of simple exchange without profit-seeking behavior. A market is just a collection of social relations wherein people exchange things.