Winner Take All
Winner Take All economic think of Adam Smith and Donald Trump is not the only way to carry out global trade. In 1994 John Forbes Nash Jr and others were awarded the Nobel Prize in economics for their work in mathematical game theory.Nash's doctoral thesis - titled “Non-Cooperative Games" suggested business negotiations need not be solely a winner take all competition as Smith suggested, but a cooperative dynamic equilibrium.
Ever notice how gas stations, pharmacies and grocery stores cluster together. This is about Nash, not Smith. It is about a cooperative effort to share the market instead fighting each other to the death. Too bad Trump can't set aside his Winner Take All think. The world would be a better place if he did.
Comments (13)
It leads to productivity, bridges, friendships, and lasting cooperation.
Trump has made every effort to destroy such endeavors, no matter what his true intent may have been. The sooner he is out of office, the better it will be for all (except the richest).
Trump's business acumen is unimpressive at best. His Wharton School of Finance, stable genius, claims are as bankrupt as a lot of his businesses.
you are as dumb as you would like us to think.
Because you have a lack of understanding of what I am saying, reflects on you, not anyone else.
First you need to find someone who agrees with you.....lol
But as an employee or a citizen this might not be the case. You might cutback on capitalism if you believe there's a surplus of Christmas presents and shortage of well-raised kids and dedicated parents. If your society was capital rich and time poor then winner takes all is bad because of low prices, low wages and low parenting. Your time being worthless therefore you can spare none comes with a social cost.
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