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Capitalism Receives a Failing Grade

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For more content, please see Journal of Developing Societies.

Cooperation®: The Wealth of Nations Game® is a simulation, a way to highlight advantages and disadvantages of economic systems, and suggest where changes might improve performance. This simulation enabled its inventors, Bob Blain and Bob Gill, to identify a set of rules that would work better than barter, socialism, and capitalism. University students graded these, along with autonomous cooperation. Barter received a C, socialism a B, capitalism an F, and autonomous cooperation an A. The latter is the result of adjusting game rules to incorporate the strengths of the other three methods of exchange while avoiding their weaknesses. How the rules of autonomous cooperation can be applied to economic policies is explained in the final section.

Affiliations: 1: Southern Illinois University Edwardsville rblain@siue.edu

10.1163/15691497-12341438
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1. Anonymous Gales & Seaton’s History of Debates in Congress: 1131-1132 1790 ().
2. Benton William"“Controversy Over the Constitutionality of a United States Bank”" The Annals of America: Volume 3, 1784-1796: Organizing the New Nation 1968 Chicago Encyclopaedia Britannica, Inc. 449
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5. Blain Bob Dobija Mieczyslaw"“The hour is de facto the world money unit”" Monetary Unit Stability in Holistic Approach 2002 Warsaw, Poland Leon Kozminski Academy 27 53
6. Blain Bob The American Iceberg: Debt, Inflation and Money 2012 ()
7. Blain Bob The Fourth Option: Citizen Shares 2013a ()
8. Blain Bob Real Capitalism 2013b ()
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10. Blain Bob"“A metric for money”" Perspectives on Global Development and Technology 2016 Boston Brill 38 59
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15. Hogeland William Founding Finance: How Debt, Speculation, Foreclosures, Protests, and Crackdowns Made Us a Nation 2012 Austin University of Texas Press
16. Hunt Gaillard, Scott James Brown The Debates in the Federal Convention of 1787 Which Framed the Constitution of the United States of America 1920/1970 Westport, Connecticut Greenwood Press
17. Oberholtzer Ellis Paxson Robert Morris: Patriot and Financier 1903 New York Macmillan
18. Provisional World Parliament 2016 ().
19. Sumner William Graham A History of American Currency 1874/1968a New York Augustus M. Kelley Publishers
20. Sumner William Graham The Financier and The Finances of the American Revolution 1891/1968b New York Augustus M. Kelley Publishers Two Volumes
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22. Taylor John B. Economics 2007 Fifth Edition Boston Houghton Mifflin
23. Ver Sterg Clarence L. Robert Morris: Revolutionary Financier 1954 Philadelphia University of Pennsylvania Press [Crossref]
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/content/journals/10.1163/15691497-12341438
2017-04-07
2018-07-23

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