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I am going to do the HN thing and respond to the strongest possible interpretation. And that is for me - there are people who inherit fortunes, who by virtue o
by quickthrower2 3y ago
I am going to do the HN thing and respond to the strongest possible interpretation.
And that is for me - there are people who inherit fortunes, who by virtue of having fortunes, and who invest in anything sensible, even an index, will never need to work and contribute, and are virtual kings. This is a hard kink to iron out in capitalism.
In addition those who have fortunes and decide to work hard may direct that work into getting more unfair advantages (lobbying, for example, to ban better mousetraps) rather than doing stuff for the greater good (making better mousetraps). I think this too is a problem.
Capitalism + government intervention + free speech/debate might be as good as it can be for now, until abundance.
- Alpha3031 3y agoThe (classical) liberals believed in inheritance taxes but that would probably get you called a pinko commie by today's standards, even by the supposedly classical liberal parties.
- anymouse123456 3y agoIs this problem better or worse in alternative solutions (that have been instantiated with humans)? Capitalism is the worst economic system, except for all the others.
- ethbr1 3y agoCapitalism itself is a gradient though, from e.g. Nordic models (strong worker rights and social distribution of profits) to Singapore (free markets in many areas, with government involvement via ownership stake).