3 ms·

Does not mean "better for the consumer". Capitalism 101.

• fsckboy 3y ago
  actually, capitalism 101 teaches that "making more money" and "better for the consumer" are synonymous so long as markets are competitive and operate at the market clearing price, that point which is also best for the producer.
  • the_gipsy 3y ago
    In theory communism also works.
    • fsckboy 3y ago
      i don't have time to write a treatise, but if we consider capitalism vs socialism/communism to be equivalent to quantum theory vs general relativity, that part of communism (allocation of resources) does not in theory work.