Competition and Cheating - Reisoglu, Salih
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Freedom, the main pillar of the western social order, brings competition, and with competition comes cheating. And cheating is not a zero-sum game. Each cheater extracts some benefit for himself, but inflicts a much greater harm on the society. As the developments in technology and the integration of societies rise the complexity of the economic and political environment, the information asymmetries widen further between the producers and the consumers, between the politicians and the voters, and between the principals and their agents. As markets merge and expand, benefits on one side get…mehr

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Produktbeschreibung
Freedom, the main pillar of the western social order, brings competition, and with competition comes cheating. And cheating is not a zero-sum game. Each cheater extracts some benefit for himself, but inflicts a much greater harm on the society. As the developments in technology and the integration of societies rise the complexity of the economic and political environment, the information asymmetries widen further between the producers and the consumers, between the politicians and the voters, and between the principals and their agents. As markets merge and expand, benefits on one side get more concentrated while the costs on the other side get more wide-spread. And all these pave the way for easier but more lucrative cheating at scales never seen before. When some participants in economics and politics start to cheat, the others do not have much choice but to follow suit in order to stay competitive, and cheating replaces merit as the primary path to success. As cheating feeds on itself and spreads further, concentrations of power in both the economic and the political systems will emerge to promote their own interests, and Free Market Economy and Democracy will cease to serve the society. Competition and Cheating explains why cheating, and consequently concentrations of power, have a natural tendency to emerge, spread, cooperate and strengthen within the economic and political systems, and what the society should do to escape this vortex that will eventually undermine its social order.
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