Quote:
Originally Posted by Bavarian
For your information, the premise of this story is true. It was tried in an economics class at a University some years ago by the professor who wanted to prove this point. It is not a made up story.
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It is way too simplistic though. Capitalism assumes that the players in the game are equal. Often they are not. That's when the state needs to step in.
Alexander Hamilton seemed to get that point in
The Federalist Papers. Writers of Securities Law, Banking Laws, and Anti-Trust Laws also seem to get that point.
Also not sure how that would apply with a computer making thousands of transactions per minute on Wall Street either.
http://www.technologyreview.com/computing/24167/