Comment Comment by tom_mellior > One of the strengths of capitalism is that it solves the "local knowledge problem" (see https://en.wikipedia.org/wiki/Local_knowledge_problem) by distributing the decision making to the consumers.I don't follow. People living in non-capitalist systems go shopping as well. What's the difference to capitalism from the point of view of the consumer or the shop? parent tom_mellior 6 years ago
I don't follow. People living in non-capitalist systems go shopping as well. What's the difference to capitalism from the point of view of the consumer or the shop?