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What a mindless comment. Realistically speaking, rent seeking is the only way present young and future generations are able to participate in economic "growth"
by 2ion 5y ago
What a mindless comment.
Realistically speaking, rent seeking is the only way present young and future generations are able to participate in economic "growth" effectively. The human population grows, but the chance to participate in the industries and locations with the highest ROI on human capital does not. In fact, wage stagnation and inflation have stunted ROI on human capital in many non-growth industries in developed countries already.
In fact, in my country where given the current trajectory of public policy I will see a huge net loss in pension benefits despite paying into the system more than any previoius generation in real terms already, without rent seeking through investing, I would literally end up poor as fuck and a slave to the state and would never have a chance to stop working short of just dying.
Rent seeking is how the current system works, get over it.
- GoodJokes 5y agoWhat if, and hear me out, we changed the system so it isn’t the only way to accumulate wealth. You can walk and chew gum at the same time. At least I think so. One can decry immorality of rent seeking and understand it is a reality today.