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Cafe Hayek: Monopoly [the game]

Wow, what a great NPR piece. Read the comments in the post for some insight into the way I think Risk 2210 should be played.
When our children got old enough, we'd play Monopoly, a game that was an important part of my childhood. The vivid orange of Tennessee Avenue. The royal blues of Boardwalk and Park Place. The little man with the mustache being hauled off to jail. And all that pastel colored money.

But if I play Monopoly now, it's only to teach my kids how badly its lessons prepare you for the real world.

In Monopoly, whoever has the most toys wins and winning means taking everything belonging to everyone else.

In Monopoly, landlords are parasites that eventually drive everyone into bankruptcy. And bankruptcy is like death. Game over.

Monopoly is the ultimate zero-sum game. You profit only by taking from others. The assets of its world are fixed in number. Yes, you can build houses or hotels, but somehow, the greater the supply of places to live, the HIGHER the price, an absurd contradiction to real-world economic life.

In Monopoly, hotels never get a makeover and railroads, unlike Amtrak, are always profitable.

In Monopoly, getting rich and succeeding in business only comes from exploiting unlucky suckers who randomly enter your life. There's no role for hard work or creativity— figuring out what customers might want to buy that isn't being offered by a competitor. There’s no competition.

I know. That’s why it’s called monopoly. But only Marxists look at the world of capitalism the way the game of Monopoly does—as an unrelentingly gloomy system of exploitation where the rich eventually wear everyone else down.

Ironically, most of the new board games with more realistic economic lessons come, like Karl Marx, from Germany.

In games like The Settlers of Catan players compete, but they also cooperate and trade in various ways. One player’s economic success can end up benefitting fellow players. Yes, there’s a random element to success but life has that too. And in these new German-style board games as they’re sometimes called, strategy and skill matter more than the roll of the dice.

So leave Monopoly on the shelf and try the Settlers of Catan. My wife usually wins when we play, but at least my kids learn about the value of trade and cooperation in creating wealth and success.


At 7:49 PM, Blogger oded said...

yes tell us about how to play 2210...

At 9:43 PM, Blogger Ivan said...

Ohh, I know all about it. Your mother explained everything last night.

At 10:45 AM, Blogger joško said...

Gentlemen, let us settle our differences over the 2210 board, for the tune of a $20 buy-in, circa 1/14/06, Boston.

(My record for 2210 is way better than for poker.)

At 10:49 AM, Blogger Miguel said...

Let's scale the winnings to your score, w/ a bonus for the winner

At 12:03 PM, Blogger oded said...

see you in bean town fools!

At 5:51 PM, Blogger joško said...

"Let's scale the winnings to your score, w/ a bonus for the winner."

I've been thinking about this while walking around today. I think that's a good way to do it. Like, first place immediately gets his/her $20 back, and the rest of the pot is split according to the score. That way there's a real incentive to get first but being second isn't so sucky either.


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