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This is why Adam Smith hated rent seeking behaviour and I think its the biggest flaw in how we do capitalism: the wealthy create wealth by controlling stuff - e
by peterashford 3y ago
This is why Adam Smith hated rent seeking behaviour and I think its the biggest flaw in how we do capitalism: the wealthy create wealth by controlling stuff - especially natural monopolies like land, not by doing any actual work. It's parasitic.
- giraffe_lady 3y agoThat's literally the capital in capitalism. There's not some other way to do capitalism that's not like that: it's inherent to the model and what you want is some other system.
- t-writescode 3y agoHow about rent control?