Capitalism Does Not Equal Corporatism - Pt. 2
by Lance Roberts, Clarity Financial
Capitalism Is Darwinian
Capitalism, if allowed to operate, is a “Darwinian System.” As with Darwin’s theory of evolution, corporate evolution has the same essential components as biological evolution: competition, adaptation, variation, overproduction, and speciation. In other words, as an economic system, companies either adapt, evolve, and survive or become extinct.
Source: http://econintersect.com/pages/analysis/analysis.php?post=202107060248
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