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Honestly, I was expecting to read some sort of defense of this corruption here in the comments. There's a certain part of HN that is totally all about rent-see

Honestly, I was expecting to read some sort of defense of this corruption here in the comments. There's a certain part of HN that is totally all about rent-seeking. It's what startups do when they create platforms that are only a slight twist on things in order to get everyone to use them, and then if they get enough market share, they can take in rents disproportionate to any value they add. Sure, there's a lot of productive and ethical startup stuff too. But there's just the undercurrent that if someone is making good money in the marketplace, it's because they are a success and should be emulated. Many people fail to question whether the business is really founded in ethical practices. I guess, so far anyway, when something is that corrupt and unethical as the U.S. food policy, then even those who knee-jerk to defend anyone rich are not gonna be defending this nonsense. Everyone has a limit to their ability to be in denial about the corruption in our economy…

coldtea 13y ago
>There's a certain part of HN that is totally all about rent-seeking. I find that modern day capitalism is ALL ABOUT rent-seeking. That's what has halted major advances and innovations in favor of Tumblr's and Instagrams and reduced the number of Promethean Elon Musk like figures to people like Zuckengerg et al. >I guess, so far anyway, when something is that corrupt and unethical as the U.S. food policy, then even those who knee-jerk to defend anyone rich are not gonna be defending this nonsense. Everyone has a limit to their ability to be in denial about the corruption in our economy… Well, there's a counter explanation, that they don't think they are defending rich people in this case (e.g they don't consider subsidised farmers that).
- quadrangle 13y ago
  well, sure, I'm actually not going to disagree with you. Capitalism as we know it in real-life (whatever about fantasy and theory) is all about rent-seeking.

coldtea 13y ago

>There's a certain part of HN that is totally all about rent-seeking. I find that modern day capitalism is ALL ABOUT rent-seeking. That's what has halted major advances and innovations in favor of Tumblr's and Instagrams and reduced the number of Promethean Elon Musk like figures to people like Zuckengerg et al. >I guess, so far anyway, when something is that corrupt and unethical as the U.S. food policy, then even those who knee-jerk to defend anyone rich are not gonna be defending this nonsense. Everyone has a limit to their ability to be in denial about the corruption in our economy… Well, there's a counter explanation, that they don't think they are defending rich people in this case (e.g they don't consider subsidised farmers that).

quadrangle 13y ago
well, sure, I'm actually not going to disagree with you. Capitalism as we know it in real-life (whatever about fantasy and theory) is all about rent-seeking.