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Vote and capitalism – The daily blog of behavioral and cognitive economics

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Vote and capitalism – The daily blog of behavioral and cognitive economics

Unleash Capitalism

Capitalism today is in chains, allowed to perform many social functions, but held back from realizing its full potential. Any nation on Earth could get a lot richer than its rivals, if only it would unleash capitalism’s full power. You might think that nations limit capitalism to protect non-capitalists, like workers or children. But in fact, in many cases nations refuse to get rich to protect some capitalists from other capitalists. For example, there are two key “5% rules” that mainly protect capitalists, though their advocates often try to insinuate otherwise. ….[READ]

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