schizoidman to World News@lemmy.worldEnglish · 1 month ago'Neoliberal capitalism' has contributed to the rise of fascism, says Nobel laureatewww.abc.net.auexternal-linkmessage-square315fedilinkarrow-up1834arrow-down129file-textcross-posted to: news@hexbear.networldnews@lemmy.ml
arrow-up1805arrow-down1external-link'Neoliberal capitalism' has contributed to the rise of fascism, says Nobel laureatewww.abc.net.auschizoidman to World News@lemmy.worldEnglish · 1 month agomessage-square315fedilinkfile-textcross-posted to: news@hexbear.networldnews@lemmy.ml
minus-squarebarsoaplinkfedilinkEnglisharrow-up2arrow-down1·edit-229 days 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.