How do people get rich?

What factors of the capitalism system enable companies and individuals to generate huge profits? Market imperfections? If the market was perfectly competitive (i.e. no monopolies, no asymmetry of information and so on) would it still be possible for someone to get rich? Those are some interesting questions to think about, I will write an article with my opinion on this regard shortly.

Like this article? Subscribe to our RSS Feed!


2 Comments so far

  1. Evolving Wheel April 13th, 2007

    Asymmetry is the primary basis for evolution and existence. If the market was symmetrical then the entire process would have been spherical - total access through minimum expense (energy, labor, etc.).. and this would have taken the whole concept of challenge. What would have driven us if there are no imperfections? We progress with the whole aim of perfecting a process .. and the loopholes just create the challenge and further innovation. You would have stopped to innovate.. and forget of not getting rich.. the whole human kind would have stopped progressing!

    http://innovech.wordpress.com

  2. Roberto Alamos April 14th, 2007

    I believe that it will be the same even with no asymmetry of information. It all goes on how smart is the person that has an opportunity. Maybe Alice can take it and make a lot of money from it, but Bob, even having the same information, just wasn’t that clever to capitalize it.

Search this site

Blogroll