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Originally posted by General Zapata
Harking back to the days of good ole' Mr. Adam Smith and his Wealth of Nations, the theory of rational self-interest is the theoretical backbone of the capitalist mode of production. The theory of rational self-interest holds that humans are basically driven by greed, and will seek to further their wealth if given the opportunity. It also holds that far from being a negative thing, this rational self-interest is what drives the economy and creates wealth. The best outcome is acheived through everyone doing whats best for himself.
Does this theory really describe what goes on in the real world? What about the theory's inability to explain departures from this rational self-interest (which happen all the time)? Discuss, good people!