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18 Feb 2020 04:13:55 UTC
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The Game of Capitalism (And How to Win!)
The game of capitalism that I am referring to, is not a computer game or a boardgame — It is the real-life game that humans play where some people win, but most people lose. It’s a game not dissimilar to the boardgame Monopoly, except that the real world typically has more rules and makes it harder to win.

Proponents of capitalism will argue that if the government just step out of the way and let capitalism do its work, everything will be hunky-dory. Capitalists argue that government intervention hurts capitalism. And they’re right, it does hurt capitalism. But is that the goal? Is that what we want for a free society? Unfettered capitalism?

I think it’s good to compare the real world with the boardgame Monopoly. In Monopoly, players race around the board trying to buy up as many properties as possible. If a player purchases a complete colour group, that is, three (or sometimes two) properties of the same colour, they can start building houses and hotels on those properties in order to increase their revenue. Players that land on other people’s property must pay the owner rent based on how many houses or hotels are there. There’s a lot of luck involved in the game, but also a little bit of strategy. The goal is to be the last one left standing by sending all of your opponents into bankruptcy.

I think the game Monopoly is a good analogy for unfettered capitalism. If we got rid of all government intervention, we would end up with one or two giant companies owning everything, and one or two people owning those giant companies. Unrestricted capitalism would hurt most people.

Some people might argue, that’s good. The best and brightest will bubble to the top and give us the best products and services. But I would argue that just as with the game Monopoly, a lot of luck comes into play. Those at the top aren’t necessarily there because they sell the best products, or offer the best services. They’re there because they were lucky enough to reach that critical mass of ownership that allowed them to buy out the competition.

Look at Facebook, for example. They were lucky enough to come out on top of the social media craze. Once they started getting enough income, they were able to start buying up their competition — ConnectU, FriendFeed, Friendster, Friend.ly, Instagram, WhatsApp, the list goes on. You can see the full list in the link I’ve posted below.

In the real world, we have an interventionist system. That is, governments intervene in the marketplace in order to correct the market failures and promote the general welfare of the people — well at least, that’s the purported goal.

Proponents of capitalism and the free market will fight tooth and nail against tax increases. They will argue that tax only hurts business, and co
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