Yonatan Zunger on capitalism

Sun, 26 Apr 2015 12:50:37 +1000

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
https://plus.google.com/+YonatanZunger/posts/RpRfF47Xyy6

"Today, I’d like to talk a bit about economics. In particular, I want to
look at why capitalism can both work amazingly well and fail amazingly
badly, often at the same time, and is such a great factory for “best of
times, worst of times” conditions. The seven-word summary is: “Free
markets work, except when they don’t.”"

It's also worth reading the discussion in the comments.

Cheers,
        *** Xanni ***
--
mailto:xanni@xanadu.net                   Andrew Pam
http://www.xanadu.com.au/                 Chief Scientist, Xanadu
http://www.glasswings.com.au/             Partner, Glass Wings
http://www.sericyb.com.au/                Manager, Serious Cybernetics

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