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The point is that any form of oligarchy means redistribution of wealth from the powerless to the powerful. And capitalism is not about "merit" but about posses
by bayesian_horse 7y ago
The point is that any form of oligarchy means redistribution of wealth from the powerless to the powerful.
And capitalism is not about "merit" but about possession. Lots of "Capitalists" (by which I mean people who derive most of their income from capital investments rather than labor) have inherited much or most of their wealth. Merit is not a requirement. Enough property to exert power and therefore redistribute wealth however is.
- littlestymaar 7y ago“Merit” isn't a real thing, but it's the mythical value that's used as a moral justification of the current state of societies. Like virtue, honor or faith in other kind of oligarchies.