Comment on Why capitalism?

Mon, 04 May 2015 14:46:41 GMT

One of the reasons that capitalism is considered to be the best economic paradigm rather than the Commons was because of an influential paper written about half a century ago called the tragedy of the commons.

No, that's a very misguided view.

Capitalism is considered to be the best economic paradigm because it helped many societies generate huge amounts of wealth in reality.

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