Greed and Capitalism

What kind of society isn't structured on greed? The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of a system.
- Milton Friedman

Friday, December 2, 2011

Wal-Mart is Larger than Norway: Exposing the Myth of Capital Competition | NationofChange

Wal-Mart is Larger than Norway: Exposing the Myth of Capital Competition | NationofChange:

" Any epoch of cap­i­tal­ism al­legedly premised on com­pe­ti­tion is vis­i­ble only from the rearview mir­ror. It is a left­ist tru­ism that in the process of com­pe­ti­tion, cap­i­tal­ism de­stroys com­pe­ti­tion. Com­pe­ti­tion, there­fore, is trans­formed into its op­po­site: mo­nop­oly. Cap­i­tal­ism no longer sur­vives by en­larg­ing com­pe­ti­tion, but rather through its re­duc­tion."


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