3 ms·
That's meritocracy. The core to capitalism is contingent on spending capital to gain more capital, whether this is done through merit, politics, marketing, or w
by anonymouskimmer 4y ago
That's meritocracy. The core to capitalism is contingent on spending capital to gain more capital, whether this is done through merit, politics, marketing, or what have you.
- JenrHywy 4y agoThat's a rather narrow definition. The engine of capitalism, at least in a Smithian sense, is gains from and rewards to specialization.