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Capitalism has always been about maximizing utility. It's just that as transaction costs are falling thanks to the internet and other tech, more effective shari
by peterjancelis 13y ago
Capitalism has always been about maximizing utility. It's just that as transaction costs are falling thanks to the internet and other tech, more effective sharing becomes possible. Note that it would still rely on ownership of the capital good itself as well as the sharing marketplace, to avoid the tragedy of the commons.