Comment by geraudloup on Traditional Capitalist Values · 2024-03-27T16:42:29.827Z · LW · GW

I don’t think rent-seeking is really part of capitalism… It’s more of a mafia effect that we can observe in any economical system (and feels more related to the political system… aka power, not value/money) I think true direct democracy would "solve" rent-seeking…

• Power is needed/unavoidable but best in the proper hands (aka the people, aka everyone)
• Value is needed/unavoidable but best freely shared, split, exchanged, accumulated etc… (aka the individual, aka anyone)

Funnily enough, there is an interesting symmetry that just appeared in my writing which I hadn’t planned for…