3 ms·
By my reckoning, when 90% of online comments mention "capitalism" they are describing the extractive process of taking worker surplus in the Marxian sense, whic
by tomrod 3y ago
By my reckoning, when 90% of online comments mention "capitalism" they are describing the extractive process of taking worker surplus in the Marxian sense, which rent-seeking effectively is, not the freedom to allocate capital to accomplish value-additive projects, processes, and products.
The prior has a _lot_ of bad outcomes. Check out Nestle's impact to the world.
The latter has a _lot_ of good outcomes, but it easily opens up to the former.