The Capitalist Fairytale
Sep. 30th, 2017 09:13 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
aikaterineCapitalist article of faith: "Competition breeds the best service [or product] at the best price." (Quoted from a Reddit user, but regurgitated in one form or another among capitalists everywhere.)
Reality: Most producers and service providers provide just barely adequate products at whatever prices they can get away with. They don't have to run faster than the bear, just faster than the slowest runner. Moreover, the product or service a customer receives is not what the business sold. The business sold an idea. Whether the idea had anything to do with reality is debatable.
Other problematic capitalist concepts: Market forces, free market, supply and demand, comparison shopping.
Reality: Most producers and service providers provide just barely adequate products at whatever prices they can get away with. They don't have to run faster than the bear, just faster than the slowest runner. Moreover, the product or service a customer receives is not what the business sold. The business sold an idea. Whether the idea had anything to do with reality is debatable.
Other problematic capitalist concepts: Market forces, free market, supply and demand, comparison shopping.
