Episode #83 - The Truth About Capitalism
3 years ago
9
self-interest
creative destruction
scarcity
crony capitalism
mediocrity
meritocracy
cooperation
competition
greed
profits
innovation
You are likely familiar with the caricature of capitalism. You know the one - capitalism is some nefarious monster that does nothing but squash the little guy like bugs while the billionaires laugh, smoke cigars and sip the finest cognac.
The criticisms of capitalism are well-known. Capitalism is based on greed and selfishness. It is immoral. It exploits workers. It is a zero sum game. Under capitalism, giant corporations have too much power. And capitalism is based on competition rather than cooperation.
But have you ever examined these claims in any detail? Have you ever considered the alternatives to capitalism?
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