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by mytherin
1634 days ago
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> Monopoly is a vastly over simplified model that doesn't consider much of modern economics. Interestingly, it was actually invented to demonstrate to people how evil capitalism is[2]. Close. Monopoly was created by Lizzie Magie, a Georgist, and its purpose was to demonstrate how evil land ownership by monopolies/rent seekers is and to advocate for a Land Value Tax [1]. Many of the forces you describe that apply to other areas in economics do not apply to land. You cannot create new land, after all. [1] https://en.wikipedia.org/wiki/Monopoly_(game)#Early_history |
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