▲ | philipov 3 days ago | |
In a well-functioning capitalistic system, the sell side of the labor market has equal power with the buy side. When the buy and sell sides of a market have a huge power imbalance, this leads to market failure, which is contrary to the goals of a capitalist system, as it results in inefficient allocation of capital. | ||
▲ | sangnoir 3 days ago | parent [-] | |
Where can one find examples of such a well-functioning capitalistic system? Or is it a thought-experiment |