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That's how nobility and fiefdoms work. Not capitalism and democracy.
by lithos 2y ago
That's how nobility and fiefdoms work. Not capitalism and democracy.
- TremendousJudge 2y agoCapitalism does work like that, except being able to retire into a life of comfort is only defined by your ability to make a lot of money
- kyllo 2y agoWhich is based not on your ability to produce value, but your ability to capture value and charge a cut of every unit, and is thus a massive disincentive to produce public goods.
- littlestymaar 2y agoIt's often based on your ability to capture other people's value way more than creating value on your own.
- dghlsakjg 2y agoAnd your ability to not get the value of your labour taken advantage of by entities with leverage, resources, and information vastly superior in all ways to your own position.
- ngcc_hk 2y agoIt is never pure. There is no need to appeal to communism or totalitarianism…
- criddell 2y agoWell, this virologist is in Shanghai. Principles of capitalism and democracy are probably irrelevant.
- bee_rider 2y agoPeople win lotteries and inherit great sums of money all the time, if we also give a “get out of the market free” card to people like this it shouldn’t cause too much of a perturbation.
- qwerty456127 2y agoBut he is in China which is meant to be communism, isn't it? I used to believe communist governments would normally provide their senior scientists with at least a humble dorm room for free. What's the point of communism if they don't?