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Listen here, kulak... (i.ibb.co)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 1 year ago (1 children)

Efficiency in economics has a particular technical definition.

Pareto efficiency or Pareto optimality is a situation where no action or allocation is available that makes one individual better off without making another worse off

Free markets are great at producing outcomes that are efficient in a particular technical sense, but not especially equitable.

[–] [email protected] 1 points 1 year ago

Yes, capitalism is insanely efficient at its real purpose - funneling wealth to the top.