JackTheMimic's avatar
JackTheMimic 1 week ago
It's really just the natural exchange of value. 1. Resources are scarce and need an efficient distribution mechanism. 2. Humans act. 3. Human action shows preference. That's basically it. I don't make claims about healthcare or whether exploitation is wrong. Those three axioms are the basis of why people exchange value.

Replies (2)

 BlueDuckBTC's avatar
BlueDuckBTC 1 week ago
You call that capitalism? I would just call that a certain perspective and observation. Not that I disagree in totality, number one is more nuanced. So no property rights, no self interest incentive, no profits, no competition in your tenets of capitalism?
JackTheMimic's avatar
JackTheMimic 1 week ago
Well, you have to proceed from those axioms to derive property "rights". I don't believe rights are real. Just something we dilude ourselves into thinking "ought" to exist. These axioms are the only truths. Self interest is revealed through human action. Profit is the effect of two components being joined to create something more than its components or a subjective value scale that aligns between two humans. Competition is just natural human play, has nothing to do with economics.