3 ms·
Capitalism, as commonly understood today, by non-Economists, has everything to do with this. (Which, yes, is a major social problem.) Vs. (IIR) Classical (Ada
by bell-cot 2y ago
Capitalism, as commonly understood today, by non-Economists, has everything to do with this. (Which, yes, is a major social problem.)
Vs. (IIR) Classical (Adam Smith era) Economics viewed rent as Feudalism - not Capitalism - and took a very dim view of all such "as much gold as you can squeeze out of others, without doing any real work yourself" schemes.