RE: Capitalism: Is it Working?
June 7, 2013 at 3:50 pm
(This post was last modified: June 7, 2013 at 3:55 pm by The Grand Nudger.)
(June 7, 2013 at 2:59 pm)Mister Agenda Wrote: Because it's an attempt to bypass competition by out-producing, out-selling, or otherwise providing something your competitors can't provide as well as you.Just another metagame within the larger overall competition. The other entity is free to do the same -again, buy their own congressmen. If they can't compete..why should anyone be subsidizing that?
Quote:The part of capitalism where it allocates resources efficiently? That is reduced when political favoritism is involved, whether it's a king or the more influential businesses themselves that institigate it. It's the cost of a reduction of efficiency without a corresponding desireable good to society that's worth the loss.Political favoritism? I'm not talking about people picking favorites, I'm talking about congress going to the highest bidder. Working as intended.
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