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Competition and Cheating: The malfunctioning of Free Market Economy and Democracy
Paperback
Series: Fundamental Awareness in Economics and Politics, Book 2
EconomicsGeneral Political Science
Publisher: Salih Reisoglu
Published: Jan 5 2025
Pages: 210
Weight: 0.63
Height: 0.44 Width: 6.00 Depth: 9.00
Language: English
With freedom, comes competition.
With competition, comes cheating.
And cheating is not a zero-sum game. Each cheater extracts some benefit for himself, but inflicts a much greater harm on the society.
As the complexity of the economic and political environment rise, the information asymmetries widen further between the producers and the consumers, between the politicians and the voters, and between the principals and their agents, making cheating easier and more beneficial than ever before.
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