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by javert
2107 days ago
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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. |
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