In addition, many assume that a capitalist free-market economy requires competition. However, Tanner posits that competition is not a necessary part of capitalism. She believes that the capitalist ideal is that of a "mutually beneficial competitive equilibrium." (Tanner, p. 106). At the very least, she posits that capitalism requires some level of non-competition, because the players in an economy have an incentive to avoid mutually destructive downward spirals. (Tanner, p. 106). A practical example cited by Tanner is that of paying workers more than a minimum or subsistence wage. She points out that while, theoretically, paying such a wage would maximize profits, it would ultimately damage the economy by making it impossible for the workforce to do two things that are essential to a sustainable economy: reproduce more workers and consume...
(Tanner, p.106).
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