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by devishard 3658 days ago
> No, printing money (QE, inflation, what have you) is absolutely NOT a capitalist tenet. Quite the opposite.

It may not be a capitalist tenet, but it's an unavoidable result of capitalism. Capitalism works great for a little while, but then some people amass too much wealth and pull the ladder up behind them.

This is the only logical conclusion. Money and power allow you to change the playing field. So even if somehow we could start everyone off with equal opportunity and let them compete in a fair capitalist system, the ones who gain money and power early on will simply follow incentives and change the playing field in their favor. You can call this unfair playing field "perverse crony capitalism" and argue that it's not capitalism, and you're right, but so what? "True capitalism" will always turn into "perverse crony capitalism" so returning things to capitalism is at best a temporary measure.