A Tale of Two Cookies – Economics 101

Today, I am following up with a new post in a series, which is delving into the foundations of modern-day capitalism. We have already seen how the accumulation of wealth is built into the very structure of the system, and how the incessant call for privatisation – far from being a way of making the public service sector more efficient – is generally merely an excuse for further concentration of wealth and power. Now, let us dig one level further down again. Into the world of the science behind it all…