Cykonot on Nostr: capitalism is what happens when you let capitalists regulate markets. When a market ...

capitalism is what happens when you let capitalists regulate markets. When a market is controlled in such a way, artificial scarcity can drive up the rate of return on investment. This increased rate of return, combined with the ability to prevent others entering that market (motes, economies of scale, etc), leads to inflated valuations. People are incentivized to leverage both of these to capture other market segments (Uber's business model, etc).

Repeat.