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Not to mention how current capitalism encourage competition by all means, while it often leads to less than optimal situations. Cooperation also matters a lot,
by jokoon 5y ago
Not to mention how current capitalism encourage competition by all means, while it often leads to less than optimal situations.
Cooperation also matters a lot, but it is seen as some form of socialism or communism. There is a dominant view that survival of the fittest should prevail in economics, but there is no good philosophical reason for it. That's where politicians leave their power to capitalists and marketers.
Even Roosevelt talked about competitive versus cooperation. Both are needed.
- aeternum 5y agoDoes current capitalism really encourage competition by all means? One if the most common criticisms of capitalism is that large companies acquire others or merge and corner markets / create monopolies. This seems like too much cooperation rather than too much competition.