/biz/ - Business & Finance

Damn! There seem to be a lot of support @ 28 and 29!

If this continues until the Asia market wakes up... We could be looking at a great pump!

>>13396905

>Capitalism isn't an ideology as much as it is an observation of markets

No, it's an ideology.

It is a set of policies, that determine the ownership of capital and the rules of trade.

Those polices haven't emerged naturally, they are implemented.

There were different economic systems that emerged before capitalism was implemented by states, like Mercantilism and Feudalism.

It's not a description, is a prescription.

The model fails to account for how the overwhelming majority of countries did not develop due to free market capitalism. Economic history of various countries, time and time again, shows that hybrid economic systems are best for economic development.

If you want to understand what I'm talking about, please read...

Bad Samaritans By Ha Joon Chang (Liberal)
Free Trade Doesn't Work By Ian Fletcher (conservative)

Both are pro-capitalism, but pro state capitalism, not free-market capitalism.

Also, the capitalist description of what motivates people is demonstrably false.

Behaviour economics experiments after experiment has show this.

I know you immediately think they must be wrong, but science is often counter-intuitive.

Monetary reward leads to improvements when it comes to repetitive work. The more money, the better the performance. However, when it comes to creative tasks, it's show that the more money (beyond a tipping point) THE WORSE the performance.

Studies have also shown that money has a negative effect on morality and empathy.

If you want to learn more, please read;

Drive By Daniel Pink - which summarizes a number of studies.

Also these link, which summarizes studies...

https://blog.ted.com/6-studies-of-money-and-the-mind/

https://www.npr.org/2018/10/04/651468312/too-little-too-much-how-poverty-and-wealth-affect-our-minds

It's a deeply flawed 'observation'.

Again, I highly recommend Drive By Daniel Pink.

Here is an introduction to the book's content...

https://www.youtube.com/watch?v=u6XAPnuFjJc

^^^ 10 minutes long

>>7280234

Put my stinky linkie in your pinkie.

https://airdrop.havven.io?kid=KWMRR

>>7006280

Where did you learn to day trade OP?

Those are impressive gains.