Hacker News new | past | comments | ask | show | jobs | submit login

Capitalism rewards the vicious rentseeker and punishes the virtuous worker.

Any transfer of wealth towards weaker member of society is forbidden? Should we let babies starve, after all they don't literally pull their own weigth? What about disabled people?




Capitalism rewards workers according to the utility of their contribution. Consider Jeff Bezos, Steve Jobs, Elon Musk, etc.

Rentseekers in the literal sense (landlords) are not that big of a function of the economy. Rentseekers in the figurative sense (companies that use regulatory capture to extract wealth from others) are not a feature of capitalism, they are a feature of a mixed economy.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: