Economics is merely the study of how scarce goods are distributed. There are many ways to do that. Capitalists argue that their system is the most efficient, but even taking that claim at face value, efficiency alone isn’t the only measure. It also says little about how control of those resources consolidates power.
Economics is merely the study of how scarce goods are distributed. There are many ways to do that. Capitalists argue that their system is the most efficient, but even taking that claim at face value, efficiency alone isn’t the only measure. It also says little about how control of those resources consolidates power.