302 karma · joined July 13, 2011
To take a stab at it, "capitalism" emphasizes the ownership elements of markets; "free market" emphasizes the exchange elements of markets; "markets" is just a neutral term, there aren't markets without ownership (rightful or not) and exchange (good or not). Neither "capitalism" nor "free market" deny exchange or ownership, it is merely a rhetorical emphasis; both specify the same set of objects, they just signal which features the author intends to dwell on.
So... Not the best document in the world to quote on this front.
There are college where in-state tuition runs far cheaper and many states give free rides if you get a good SAT score. So it's incredibly hard for me to have much pity.
But this is true of electronic systems as well. I could just as easily give you an SD card with $1,000 on it and the tracking system would fail rapidly.
To the extent that they also teach students more and better, this is actually damaging socially because it sucks secondary educational capital into a few locations. Lower end schools could do more and better if they housed many more bright and ambitious students. But if they're all going to a handful of schools, they're not improving the social networks at Random State.
This isn't quite accurate. You note later how markets work, but you're not seeing how much that's in tension with wealth concentration. At its furthest end, you simply have a private person in charge of a command economy. Look at countries considered "kleptocratic": most aren't klepto- anything, they literally possess most of the wealth and thereby direct development towards their families in a sort of feudal way. Most could probably forgo formal taxation altogether and my impression of compliance is that they essentially do.
If you think Kim was in the right, then why not Amazon? your cable company? Why does Valve even bother paying Bethesda a share? Etc. File sharing is highly tolerable as a small enterprise, even if it is aggregately large; it's not tolerable as a highly profitable business model.
Of course, you could certainly have asked, as a Stanford student, what drove the design of the course and how the professor actually felt about the execution. That would have been an interesting follow up.