I derive the function driving this behavior in my third proposition [1]:
“ “Finders keepers” has been a consistent natural law of property inheritance, formally codified as “res nullius” or “nobody’s thing” by the Romans.
…It follows then that the corollary in capital based markets of “Capturing value” (Market Share) in a “Growing market” (Resource abundance) environment, becomes the ethically acceptable way to produce goods or acquire property.
…Therefore across all modern competitive frameworks, Economic, Ecological or Political, “first mover advantage” is assumed, and Monopolization of a resource, or a market, rather than cooperation, becomes the optimal organizational behavior.
“Creating Markets/Value” becomes an optimized resource acquisition strategy, as monopolization of production is most efficient when the market “Creator” controls access to the new market from the outset, minimizing appropriation costs. “Investment capital” is used to generate these new markets at a sufficient scale, while the relative abundance of capital for the “house” will allow the creators to impede competitors from the start, thus ensuring a maximum return on investment. Power law guarantees that existing resource hoards will forever seek returns and accumulate more into increasingly fallow pools of capital. Unrestrained “Free” competition, a reinterpretation of “might makes right,” then must represent the dogma behind forever growth.”
“ “Finders keepers” has been a consistent natural law of property inheritance, formally codified as “res nullius” or “nobody’s thing” by the Romans.
…It follows then that the corollary in capital based markets of “Capturing value” (Market Share) in a “Growing market” (Resource abundance) environment, becomes the ethically acceptable way to produce goods or acquire property.
…Therefore across all modern competitive frameworks, Economic, Ecological or Political, “first mover advantage” is assumed, and Monopolization of a resource, or a market, rather than cooperation, becomes the optimal organizational behavior.
“Creating Markets/Value” becomes an optimized resource acquisition strategy, as monopolization of production is most efficient when the market “Creator” controls access to the new market from the outset, minimizing appropriation costs. “Investment capital” is used to generate these new markets at a sufficient scale, while the relative abundance of capital for the “house” will allow the creators to impede competitors from the start, thus ensuring a maximum return on investment. Power law guarantees that existing resource hoards will forever seek returns and accumulate more into increasingly fallow pools of capital. Unrestrained “Free” competition, a reinterpretation of “might makes right,” then must represent the dogma behind forever growth.”
[1] https://kemendo.com/Myth-of-Scarcity.html