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>Paying off politicians isn't some feature of capitalism Exchanging money for goods and services is the most essential feature of capitalism. If you wish to pr
by dTal 7y ago
>Paying off politicians isn't some feature of capitalism
Exchanging money for goods and services is the most essential feature of capitalism. If you wish to prevent such exchanges, you need some strong socialist regulation or norm, like "politicians exist to serve the will of the people". Without it, what you call "bribery" and "corruption" isn't even considered wrong - it's just how the world works. Why shouldn't rich people be able to buy policy? They can buy everything else.
- rumanator 7y ago> Exchanging money for goods and services is the most essential feature of capitalism. Trying to pass off corruption as a "most essential feature of capitalism" is disingenuous and simply wrong on many levels. There's no need for petty ideological jabs. If you have nothing to add to the discussion then refrain from adding noise to an otherwise interesting discussion.
- dredmorbius 7y agoIt's most of what Adam Smith wrote about it. Somehow, when George Stigler coined "regulatory capture" the world thought he was being novel. He wasn't.