Monday, November 9, 2009

Capitalism is a Game

There are winners (wall street for example Goldman Sachs) - and loosers (slums)

Lets take a couple of examples of games - poker, hockey and monopoly

In a poker tournament everyone starts with the same chips.

In a hockey game the score starts at 0 -0.

In Monopoly which is arguably a capitalist game everyone starts with the same amount of money.

Everybody is equal in the beginning. Not so in capitalism there is no beginning for new players and no reset.

In all games say poker if a player has 5X your chips you would be at a huge disadvantage. Now consider 1000:1 or 10000:1 or more. Now consider the same in hockey or Monopoly... what are the odds of the little guy making that comeback? Would you bet on them? - probrably not.

Thus a problem - it is not fair - and we have to live with the losers and those that start at a huge disadvantage - those with nothing.

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