3 ms·
> I wouldn't include "rent-seeking" as a characteristic of "capitalism" According to what theory? https://en.wikipedia.org/wiki/Rent-seeking https://en.wikipe
by 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.