Game theory and capitalism
Are systems that reward greed and excess a positive force?
Game theory seems complicated until you understand the simple fact that it’s all about mapping out human choices. In the case of game theory and capitalism, the choices are about balancing individual control and societal control.
Capitalism and socialism are exponents of these two ideological opposites. Proponents of capitalism favor individual decision-making above all else, while socialists will elevate democratic decision-making; meaning, there is a preference for society or groups of people making decisions together for common good.1
Capitalism seems complicated until you boil it down to the most basic equation that it can compute: greed is the highest value. In capitalism, greed is good. Specifically, individual greed. The end game is profit, and there is no end to the end game. The end result of capitalism is the billionaire class. Billionaires are also oligarchs.
In an oligarchy, the rich can get away with anything, and average p…


