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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


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