#4,322 in Business & money books
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Reddit mentions of The Self Organizing Economy
Sentiment score: 1
Reddit mentions: 1
We found 1 Reddit mentions of The Self Organizing Economy. Here are the top ones.
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A Marxist Sociologist's opinion on Capitalism is not a reliable source for principals of Capitalism; you're playing to your own presuppositions again. In fact, its hard to even argue that Capitalism is an "ism" at all, rather; its the environment resultant from free interaction between free people. Economists have spent the better part of three and a half centuries studying the organization of economic systems; both in the presence of central planning in the absence thereof.
EDIT: Capitalist Markets are democratic by nature; resource allocation being predicted upon billions of simultaneous transactions occurring between producers and consumers. Can corruption, and Regulatory Capture influence these artificially (ex: subsides for special interests)? Sure, but once again; this brings the role of Rule of Law into play. It is the responsibility of Governments to act as referee, but not an active participant. And yet again, where do you suppose there has been an example of a Socialist economy which has been at all immune to such behavior?A tangible difference between Capitalism and Socialism, is Capitalist economies are significantly more resilient to bad actors seeking to tilt things to their favor because of the decentralized nature of markets.
Want to read something about economic organization from someone who's actually spent their life studying the phenomena - not some would be philosopher with a predetermined outcome in mind? Someone who has received a Nobel Prize for their measurable contributions to the understanding of economies?
Try Paul Krugman's Self-Organizing Economy:
https://www.amazon.com/Self-Organizing-Economy-Paul-Krugman/dp/1557866988