Hi all,
I’m seeing a lot of hate for capitalism here, and I’m wondering why that is and what the rationale behind it is. I’m pretty pro-capitalism myself, so I want to see the logic on the other side of the fence.
If this isn’t the right forum for a political/economic discussion-- I’m happy to take this somewhere else.
Cheers!
The prisoner’s dilemma is a mathematical example to introduce students to different models where cooperation and competition have different outcomes. You can also design game theory systems where competition is generally a prefered action. The actual question is which model better reflects our contemporary realities, but regardless, there are great arguments to claim that cooperation is better most of the time if we assume that the participating actors are aware, intelligent and capable of taking free decisions.
