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The most corrupt countries in the world outlawed profits. Profit is but one of many ways to compete. You can't eliminate competition by eliminating the ability
by CryptoPunk 6y ago
The most corrupt countries in the world outlawed profits.
Profit is but one of many ways to compete. You can't eliminate competition by eliminating the ability to profit:
https://fee.org/articles/there-s-no-escaping-competition/ https://fee.org/articles/there-s-no-escaping-competition/
- LB232323 6y agoYou can't outlaw profits. If we're talking about corrupt "socialist" nations, they sell out their countries in debt negotions with foreign banks. Capitalism is not very old in the grand scheme of human history. Most of human history falls under a collectively owned economy.
- mythrwy 6y agoMost of human history does not fall under a collectively owned economy. Maybe much of human pre-history, or peoples with no history could be classified this way (although struggles for control of resources was still pervasive), but the historical period of humanity goes hand in hand with ownership and some of the first historical records were in fact to record ownership.
- CryptoPunk 6y agoPrivate ownership has existed since prehistoric times. Even animals observe private ownership, not just over their own bodies, which is self-ownership, but also over their kills, and territory. The principle of First Possession, where other animals have a tendency to cede control over a resource to the first animal that comes to possess it, is widely observed by behaviorally advanced animals, and game theory experiments suggest it reduces conflict, which would explain why.