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Rory Sutherland: Human Behavior, Innovation, and Alchemy (EP.16)

Infinite Loops

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The Natural Redundancy of Capitalism

The natural redundancy of capitalism has a value if you look at it as an evolutionary system. Economics fetishizes efficiency through competition, even though if you could define in advance what people wanted and deliver it, actuallyyou wouldn't need competition. Youd just have a single monopoly provider in each field. And that's what we're getting at when we're king about this signalling. i love your example. Also, the natural redundancy of Capitalism has a valueif you look at It as an evolutionarySystem. So interestingly, lets be honest about this, it's very strange. economics fetishized efficiency through competition,. even though If you could define In advance what people want and delivery it, actually, you

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