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by smsm42 610 days ago
No it is not. There's nothing in the capitalist model that mandates academic community to maintain a zero-valued-add gatekeepers. It's just an extremely lazy dunk, which happens each time somebody discusses any rent-seeker setup - somebody comes out of the woodwork and proclaims "oh, it's because of capitalism!". In a very very very dumb sense it is - like the reason of crime is that people are breathing. If they didn't they'd be dead, and there were no possibility of them to be criminal. It is this level of lazy and useless logic. Yes, capitalism allows rent-seekers to exist. But it in no way mandates their existence - a model without rent-seekers is as compatible - I would say even more compatible - with capitalism as one with them. Just don't make this kind of lazy dunks anymore, it really adds nothing to the problem.
1 comments

To avoid the rent seeking you need a state that will enforce laws that prohibit the rent seeking process and revert it when it has formed. This is not compatible with free market capitalism in abstract (being against the freedom of capitalist agents), and in practice it cannot be done because the capitalists will use political power to stop it.
It is one pissible solution - just as one possible solution for theft is abolishing private property. If there's no property, nobody could steal anything. But it's not the only solution. There are many other ways - such as not employing the services of rent seekers, for example - that do not require government involvement. In some markets, this solution is blocked - usually by, guess what, goverment regulations - but as far as I can see, no goverment forces academia to elevate Elseveir to its pedestal.