1381
Listen here, kulak... (i.ibb.co)
submitted 1 year ago by Cleverdawny@lemm.ee to c/memes@lemmy.ml
483 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[-] Pipoca@lemmy.world 2 points 1 year ago

Efficiency in economics has a particular technical definition.

Pareto efficiency or Pareto optimality is a situation where no action or allocation is available that makes one individual better off without making another worse off

Free markets are great at producing outcomes that are efficient in a particular technical sense, but not especially equitable.

[-] irmoz@reddthat.com 1 points 1 year ago

Yes, capitalism is insanely efficient at its real purpose - funneling wealth to the top.

this post was submitted on 14 Sep 2023
1381 points (93.3% liked)

Memes

45895 readers
1292 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS
gary_host_laptop@lemmy.ml
sexy_peach@feddit.de
cyclohexane@lemmy.ml
cypherpunks@lemmy.ml