schizoidman@lemm.ee to World News@lemmy.worldEnglish · 3 months ago'Neoliberal capitalism' has contributed to the rise of fascism, says Nobel laureatewww.abc.net.auexternal-linkmessage-square319fedilinkarrow-up1835file-text
arrow-up1835external-link'Neoliberal capitalism' has contributed to the rise of fascism, says Nobel laureatewww.abc.net.auschizoidman@lemm.ee to World News@lemmy.worldEnglish · 3 months agomessage-square319fedilinkfile-text
minus-squarebarsoap@lemm.eelinkfedilinkEnglisharrow-up2·edit-23 months ago weak competition can happen with perfect knowledge by sellers and buyers. It can’t happen given perfect rationality as it’s not in the rational interest of the majority to allow a minority their monopolies. It’s a fucking theoretical model. The maths check out, that’s not the issue the issue is that it’s theory, with very glaring limitations.
It can’t happen given perfect rationality as it’s not in the rational interest of the majority to allow a minority their monopolies.
It’s a fucking theoretical model. The maths check out, that’s not the issue the issue is that it’s theory, with very glaring limitations.