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Podcast: The Neurodivergent Professor
Episode: KEW Episode 143: The Thing Capitalism Gets Wrong
Description: Lately, I’ve been wondering about capitalism and competition. As I have mentioned in other episodes (links below), competition only occurs when resources are limited. Also, capitalism requires competition to protect consumers from monopolies. While I argue in older episodes that this protective feature often doesn’t work, the fact remains that capitalism requires competition.That competition is a requirement of capitalism is critical BECAUSE competition only occurs when resources are limited. When there are plenty of resources, there is no reason to compete. Evolution works the same way. Organisms will opt to avoid competition at al...