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Richard Dawkins’s Tree Metaphor: Why Free Markets Are So Inefficient

“Competition creates efficiency,” is preached as if it were a law of nature. But nature itself teaches a different lesson. Biological competition can create foolish costs, and collective doom. “Darwin’s Wedge” shows why and reminds us of the point of being human. Our competitions, and the myopic logic of free markets, needn’t be dumb as trees.