3min chapter

Oh No, Ross and Carrie cover image

Ross Meets Cory Doctorow: Bringing Back Luddites Edition

Oh No, Ross and Carrie

CHAPTER

The Moral Basis of Capitalism

The term was coined by some lefty economists, i believe, university british columbia. And then a business professor at harvard named shashana zubo wrote an economics review paper with that title as well. Markets are an efficient way to do allocation, because they aggregate all the choices made by all the participants in a market to figure out who the things are worth the most to and give them to them. They say like, inequality is the price that you pay. This is theirwhle basis for it. Maybe maybe jeff bisos gets very rich, but we all get one day delivery.

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