Beltway Confidential

Zoopla’s failure evinces capitalism’s success

By Tim Worstall

Published November 8, 2021 11:00am ET

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Zoopla’s failure evinces capitalism’s success — Zoopla Offers, the company’s house flipping arm, lost nearly $400 million in the last quarter. Zoopla is now chopping off that arm. Still, this blowing of such gargantuan sums is what makes this whole capitalist free market thing work. This best economic system centers on allowing anyone to have a go with a new idea […]

Zoopla Offers, the company’s house flipping arm, lost nearly $400 million in the last quarter. Zoopla is now chopping off that arm.

Still, this blowing of such gargantuan sums is what makes this whole capitalist free market thing work. This best economic system centers on allowing anyone to have a go with a new idea or product. If it catches on, then the person gets rich. This system has led to us being the richest generation ever.

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