Re:Uber, DoorDash and similar firms can’t defy the laws of c...
by WitCanStain on Wednesday November 10, 2021 @11:55AM
(#29176950)
But all that is the natural and inevitable consequence of capitalism. It's baked into the structure of the system.
Re:Uber, DoorDash and similar firms can’t defy the laws of c...
by maedla on Wednesday November 10, 2021 @12:09PM
(#29177159)
Exactly. People want to go back to the thing that got us here
Re:Uber, DoorDash and similar firms can’t defy the laws of c...
by gwright on Wednesday November 10, 2021 @01:38PM
(#29178511)
>rent-seeking,
Unfortunately "capitalism" is a pretty ill-defined term. I wouldn't include "rent-seeking" as a characteristic of "capitalism" but apparently you do.
This makes it very difficult to have coherent discussions. For what it is worth, I think "rent-seeking" is probably a characteristic of all economic systems and therefore isn't something peculiar to "capitalism" and so shouldn't be used as a criticism of "capitalism".
Re:Uber, DoorDash and similar firms can’t defy the laws of c...
by goodpoint on Wednesday November 10, 2021 @07:11PM
(#29182738)
> I wouldn't include "rent-seeking" as a characteristic of "capitalism"
According to what theory?
https://en.wikipedia.org/wiki/Rent-seeking fits squarely into capitalism.
Re:Uber, DoorDash and similar firms can’t defy the laws of c...
by gwright on Friday November 12, 2021 @07:52PM
(#29206303)
Rent-seeking isn't a phenomena that is unique to capitalism. It is something present in many different (all?) economic systems. So while it is completely fair to be critical of rent-seeking that isn't by itself a criticism of capitalism.
What we are seeing is an unprecedented combination of quasi-monopolies, rent-seeking, and an economy disconnected from real production of goods and services.
It has been called neofeudalism.