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> Capitalism trends towards greatest total utility (in the economics sense). No it doesn't. Having the majority of wealth concentrated in a few people who have
by JDiculous 11y ago
> Capitalism trends towards greatest total utility (in the economics sense).
No it doesn't. Having the majority of wealth concentrated in a few people who have way more than they'll ever need, many of that wealth being unearned (eg. rent seeking, inheritences), does not maximize total utility.