Hayek was right. Capitalists in a mixed-economy seem to be in something analogous to a prisoner’s dilemma. It would benefit any individual capitalist to seek monopoly privileges for their own firm, but it hurts all of them if any significant number of them do so.
Hayek was right. Capitalists in a mixed-economy seem to be in something analogous to a prisoner’s dilemma. It would benefit any individual capitalist to seek monopoly privileges for their own firm, but it hurts all of them if any significant number of them do so.
Not to mention this.