Capitalism involves entirely selfish individuals?

The shocking thing about most models and theories behind capitalist economics, is that they are predicated on the principle that every individual (or person or business etc) will always choose the outcome that is selfishly best for them. (The principles that flow from this starting point go on to suggest that, in a free market, this will lead to the best outcomes for all. Of course, the market is everything but free.)

Have a read of The Mind of the Market – a very interesting perspective, looking at evolutionary pressures and how homo sapiens actually has a need for fairness, not just selfish gain.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s