The pseudonym "Philo Vaihinger" has been abandoned. All posts have been and are written by me, Joseph Auclair.

Saturday, October 19, 2019

Totally and completely wrong

The Affluent Society

He advanced the absurd thesis that innovation driven by competition was a myth, and that what competition actually inspired was only cosmetic and meaningless, "marginal differentiation".

Think tail fins on cars.

Not that it doesn't inspire that.

But it also does, and also did, inspire actually significant innovation.

It's not all a fake, this virtue of capitalist market competition.

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