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So does the government and many charities, the entire city of Las Vegas and churches on Saturday nights across the country, every major sports league (not often
by run4yourlives 18y ago
So does the government and many charities, the entire city of Las Vegas and churches on Saturday nights across the country, every major sports league (not often directly), etc etc etc.
Pretty much every business takes advantage of the fact that the consumer is lacking something, whether that's knowledge, time, money or material. It's the way capitalism works.
- fallentimes 18y agoGood point; it's like a stupid people tax. Unfortunately it's tricky for even smart people to avoid some of them.
- eru 18y agoStupidity is not binary.
- fallentimes 18y agoNo one said it was.
- eru 18y agoYes. I just wanted to second that you can be stupid to a certain a degree in one area and to another degree in another one.
- fauigerzigerk 18y agoNo. Capitalism is a system of decentralised decision making on resource allocation, ultimately leading to increased productivity and innovation. I have no idea how a ponzi scheme that makes "simple" people overpay fits this description as it leads to incredibly bad resource allocation. You could argue that such failures are part of capitalism and I would agree. But they are still failures. Capitalism depends on such failures being fewer than those cases where funds go where value is being created.
- rw 18y agoYou said: Capitalism is a system of decentralised decision making on resource allocation, ultimately leading to increased productivity and innovation. You cannot insert a result into a definition. P may or may not imply Q.
- fauigerzigerk 18y agoI can do it because I'm using natural language not formal logic and I'm mixing definition and factual observation. Granted, it's a little sloppy ;-)