(5/6) The tension at the heart of market #capitalism
Markets under capitalism face four paradoxes managing the balance of power in the system:
1. Property rights limit competition.
2. Property rights enforcement invites exploitation.
3. Markets reward secrecy but need transparency to function well.
4. Market success undermines market competition.
(6/6) #Capitalism runs like a computer (and it's being hacked)
Markets under capitalism are an open system whose norms and protocols can be hijacked to create permanent structural advantages. Very similar to #exploits #vulnerabilities in #cybersecurity.
Because #capitalists institutions determine what can be bought and sold in market capitalism they are often targets of hijacking.
