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I'm being descriptive, bot prescriptive: I'm stating what the priorities are under a capitalist system without the rose-colored glasses offered by the Just-worl
by sangnoir 2y ago
I'm being descriptive, bot prescriptive: I'm stating what the priorities are under a capitalist system without the rose-colored glasses offered by the Just-world fallacy.
- philipov 2y agoIn a well-functioning capitalistic system, the sell side of the labor market has equal power with the buy side. When the buy and sell sides of a market have a huge power imbalance, this leads to market failure, which is contrary to the goals of a capitalist system, as it results in inefficient allocation of capital.
- sangnoir 2y agoWhere can one find examples of such a well-functioning capitalistic system? Or is it a thought-experiment