Economics: can everyone win in free-market capitalism ?

By definition capitalism is dependent upon competition.

And competitive environments necessarily have winners and losers, which makes me wonder if it is factually inevitable that America – with its practically unbridled capitalism – will have poverty.

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One response

  1. If you truly believe America features “practically unbridled capitalism”, I suggest you attempt to open a restaurant.

    Also, regarding true laissez faire capitalism, have you never heard “a rising tide raises all ships”? That includes even the low lying “ships”. “Winning” and “losing” is relative to the parameters of the game.

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