this post was submitted on 11 Dec 2023
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It's also clear that people who deny the extent to which capitalism actually makes the world worse either a) don't know what capitalism is, or b) are rent seekers
What history? What economics? Vague gesturing and feigning superiority without actually saying anything is peak.
Edit: turns out the economics was just Sowell all along, lol. Guess we have an AnCap over here.
You weren't replying to the meme, you were replying to someone else in the origin of this fork of the comment chain. I'm implying that you in particular have no nuance.
Fair enough, but again, you somehow had even less nuance and pulled the classic bit of feigning superiority.
Edit: oof, you unironically suggest Sowell in another comment as a good resource. Looks like I'm correct, the superiority was indeed completely unfounded.
Instead of berating him for not leaving a robust enough comment for your taste, why don't you ask for more information? Calling capitalists uninformed or rent seekers is way more unfair than alluding to historical or economic evidence to the contrary. The latter clearly leaves itself more open to good faith discourse, getting nothing out of it has simply been a failure on your part
The very first thing they said was "what history? What economics?" - so yeah, they've asked for information.
Don't strip away context, this is what he said:
Those are clearly rhetorical questions, his comment was an accusation of feigning superiority. His comment encouraged the other guy to be defensive instead of opening up about his ideas. If he wanted information, then he's doing it wrong.
I'm not removing context at all. And if anything, the extended quote only further makes my point - it isn't only an accusation of feigned superiority, is it? It's also an accusation of vague gesturing without substance. Thus, out of 5 statements, 4 are directly about the fact they didn't really say anything, and 2 are requests for them to elaborate.
Or not. Adam Smith - the father of Capitalism recognised the problem of Rent Seeking behaviour.
No. Of course not. But my point was that we understood rent-seeking as a negative in Capitalism FROM THE OUTSET. You can't criticise people today who point out that flaw in Capitalism on the basis of not "know[ing] history and economics"
Whatever. I don't agree with you but that's not the point. My point was that you can't dismiss people making criticism about rent seeking as if they're naive, as you did