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Showing posts with the label innnovation

In business, evolution versus free market, why competition matters.

In a recent article the actions of the president to chose a stance that seems anti-environmental has gotten many eye brows to raise. The action involves giving up a little bit on the environmental conservation in hopes of enabling businesses to create more jobs in a particular sector. The nuance of the give and play of politics is only a side actor to the real story driving the debate which to me falls on a simple core difference between the free markets and species in evolution. A capitalist economy...models in a very similar way, the natural process of survival of the fittest identified by naturalist Charles Darhttp://www.blogger.com/img/blank.gifwin. Though he and Adam Smith weren't contemporaries I am sure they would have seen eye to eye on many ideas and I am sure watching nature inspired Smith. The difference is that in evolution species emerge in environmental niches due to the selection processes produced by the fact that environments shift *under* populations of com...