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>Why does US law have to be costly? Because it is seen as a business opportunity. Essentially, capitalism.
by dublinben 11y ago
>Why does US law have to be costly?
Because it is seen as a business opportunity. Essentially, capitalism.
- TeMPOraL 11y agoThis literally sounds as if things are being run by the Ferengi.
- lisper 11y agoThis isn't capitalism, it's rent-seeking.
- dragonwriter 11y agoCapitalism is an economic system first named and characterized by its critics for the way it favored holders of capital, not least of which the way its structure of property rights enabled and rewarded rent-seeking. In this case, saying "this isn't capitalism, it's rent-seeking" is like saying, as you sail out of the Golden Gate, "this isn't the ocean, its salt water." (That is, its wrong because the thing being described is both the thing it is denied to be and the thing it is proposed to be instead, and the latter is central characteristic of the former.)
- lisper 11y agoNo, it isn't. Capitalism is where the means of production are privately rather than publicly owned. cap·i·tal·ism ˈkapədlˌizəm/ noun "an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state" Rent-seeking is orthogonal to capitalism. You can (and do) have rent-seeking in non-capitalist economies too.