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But all that is the natural and inevitable consequence of capitalism. It's baked into the structure of the system.
by WitCanStain 5y ago
But all that is the natural and inevitable consequence of capitalism. It's baked into the structure of the system.
- maedla 5y agoExactly. People want to go back to the thing that got us here
- deleted 5y ago[deleted]
- goodpoint 5y agoIndeed.
- gwright 5y ago>rent-seeking, Unfortunately "capitalism" is a pretty ill-defined term. I wouldn't include "rent-seeking" as a characteristic of "capitalism" but apparently you do. This makes it very difficult to have coherent discussions. For what it is worth, I think "rent-seeking" is probably a characteristic of all economic systems and therefore isn't something peculiar to "capitalism" and so shouldn't be used as a criticism of "capitalism".
- goodpoint 5y ago> I wouldn't include "rent-seeking" as a characteristic of "capitalism" According to what theory? https://en.wikipedia.org/wiki/Rent-seeking https://en.wikipedia.org/wiki/Rent-seeking fits squarely into capitalism.
- gwright 5y agoRent-seeking isn't a phenomena that is unique to capitalism. It is something present in many different (all?) economic systems. So while it is completely fair to be critical of rent-seeking that isn't by itself a criticism of capitalism.