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> Monopoly is a vastly over simplified model that doesn't consider much of modern economics. Interestingly, it was actually invented to demonstrate to people ho
by mytherin 5y ago
> Monopoly is a vastly over simplified model that doesn't consider much of modern economics. Interestingly, it was actually invented to demonstrate to people how evil capitalism is[2].
Close. Monopoly was created by Lizzie Magie, a Georgist, and its purpose was to demonstrate how evil land ownership by monopolies/rent seekers is and to advocate for a Land Value Tax [1]. Many of the forces you describe that apply to other areas in economics do not apply to land. You cannot create new land, after all.
[1] https://en.wikipedia.org/wiki/Monopoly_(game)#Early_history https://en.wikipedia.org/wiki/Monopoly_(game)#Early_history
- pessimizer 5y agoThe most direct message it sends is that even though everyone can start in the same place with the same resources, chance will ultimately and quickly lead every other player being in debt to the winner. Georgism is a socialism, believing that land is part of the common-wealth, so it should be rented, not owned.
- freedomben 5y agoYes thank you. The point about not being able to create new land is a very good one.