Posts Tagged ‘capitalism’

capitalism posts
How the Web Might Redefine Capitalism

How the Web Might Redefine Capitalism

Capitalism, though a big, incredibly complex concept, can be boiled down to a few basic ideas: there should be private property; you should have a free market; and people should exchange currency for goods and services at the price the market will bear. In many ways, the web seems like it is the best place for capitalism and a free market to flourish. The internet is full of success stories of massive growth and humble beginnings, and the lack of many barriers that plague the physical world has seen online business grow at an exponential rate. Yet, at the same time, the web seems to have a knack to kill…

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