4 ms·
How is capitalism without competition not capitalism? The capitalist is served very well by it, earning huge piles of money.
by Devasta 5y ago
How is capitalism without competition not capitalism? The capitalist is served very well by it, earning huge piles of money.
- swader999 5y agoCompetition is a key tenant of capitalism. It doesn't optimize and serve society without it. It holds individual's and corporation's self interest to maximize profit in check.
- Devasta 5y agoCapitalism serves capitalists, any serving of society is a side effect of same and is certainly not intentional.