4 ms·
Monopoly is simplified not only in its portrayal of one market, but in the fact that it's only concerned with one market. The reality of capitalism also include
by aksss 5y ago
Monopoly is simplified not only in its portrayal of one market, but in the fact that it's only concerned with one market. The reality of capitalism also includes this dynamic of new markets being created organically and deliberately, particularly as some markets close up. Innovation and entrepreneurial endeavors enabled by legal profit incentive are a big part of the full landscape of capitalism and are missing from any lessons we might try to project from Monopoly.