Bill Bonner: Is This Capitalism’s Achilles’ Heel?

Bill-Bonner2

“The critics presume capitalism follows certain rules. People are said to be ‘rational actors.’ They are said to want to increase their wealth. They are said to always try to optimize their time and money.  If that were the definition of a real capitalist, we have never met one. Instead, the people we know function in a world of floating ambitions and ambiguous decision-making.  People have many different goals in life; making money is just one of them. One wishes to make a lot of money. Another is more concerned with his family. Another finds the pursuit of money vulgar.  Not knowing what people want, it is impossible to know whether they pursue their goals rationally or irrationally.”

http://www.bonnerandpartners.com/is-this-capitalisms-achilles-heel/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin