Hacker News new | ask | show | jobs
by PicassoCTs 1141 days ago
The pyramid scheme grinds to an halt, if it does not. Everything goto join the MLM scheme, or those running the whole affair get a existential crisis.
1 comments

Central banking and social security are the MLM schemes. Free markets, if we had them, would rebalance that kind of thing.
Sure, but completely unrestricted free markets would also reintroduce slavery etc. to the modern world.

Free markets are great at reducing inefficiencies in a world in which no participant decides to coordinate with other participants for profit. which obviously doesn't work, just like communism doesnt work at societal scales.