Saturday, July 21, 2007

The indivisibility of right

It is a failure of understanding that leads us to think that something that hurts another can be a good result for me, or vice versa.

Instead, the best solution, or rather the only true solution to any problem, is one which benefits all parties.

Competition is conceived of as a game with winners and losers, as conflict; whereas the free-market economy is exactly premised on the idea of transactions being for mutual benefit. It is mistaken to view the market-place as an arena for sorting killers from killed, winners from losers - such a system is doomed to failure as the losers reject the outcome and the system itself. Everyone would end up losing.



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