Capitalism’s Secret Sauce: Failure

It’s not the carrot, it’s the stick.

Remarkl
4 min readAug 18, 2023

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Photo by the blowup on Unsplash

First, the economics.

The most important feature of an economic system is who makes the decisions. That choice can and should be made with respect to every good and service, but efficiency demands that there be a default assumption. Under capitalism, the economic decisions are made by private entrepreneurs, with such…

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