kaal:claim:3709041-007

Both dominant ideologies fail in symmetrical ways: capitalism produces inequity, inequality, monopolies, and other market failures, while socialism has incentive design defects in which hard work is not effectively rewarded and external costs are largely ignored.

Capitalism can lead to significant inequities, inequality, as well as monopolies, and other market failures. Similarly, socialism has significant incentive design issues, where hard work is not rewarded effectively and external cost are largely ignored.

Kaal, Blockchain Technology for Good (2020), II.1 Transcending Socialism and Capitalism, p. 10
https://ssrn.com/abstract=3709041 · source PDF

Kaal, Blockchain Technology for Good (2020). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3709041

failuresupport: arguedfailure: symmetrical failures of capitalism and socialismfamily: inequality-and-access-dividerisk-and-incentiveseconomics

• restated_by kaal:claim:3808867-004 Capitalism and socialism each fail in characteristic ways: capitalism produces inequities, monopolies, and oth...

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