💬 Reply by ids1024

2024-11-23 ┃ RE: futurebird

@futurebird I feel people often misdefine capitalism (unintentially, or perhaps intentionally when defending it). The problem is the means of production being owned by the "capitalists" and not the workers, who gain profits disproportionate to their contribution (if any).
Technically this is different from the a free market economy being the problem. (Except to the extent that may lead to this... when unregulated anyway).
Maybe blaming "rent seeking" is more descriptive and less loaded.

ids1024

https://fosstodon.org/@ids1024/113533828090249541

futurebird

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