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Alexandre Oliva (moving to @lxo@snac.lx.oliva.nom.br) (lxo@gnusocial.jp)'s status on Saturday, 02-Nov-2024 02:40:02 JST

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    Alexandre Oliva (moving to @lxo@snac.lx.oliva.nom.br) (lxo@gnusocial.jp)'s status on Saturday, 02-Nov-2024 02:40:02 JST Alexandre Oliva (moving to @lxo@snac.lx.oliva.nom.br) Alexandre Oliva (moving to @lxo@snac.lx.oliva.nom.br)
    in reply to
    • doctorow
    • ☭ 𝗖 𝗔 𝗧 ☭
    I'm not attempting to equate them at all. what I'm trying to say is that even the good things that philosophers who wrote in support of capitalism wrote about have long been left behind, they're in a distant past. those good things were replaced by rent-seeking behaviors that economists consider key properties of feudalism, and that early capitalists fought tooth and nail. owning businesses without working on them is rent-seeking. pursuing monopolies has rent-seeking as its primary goal. colonization has been essentially about rent-seeking, with additional aspects of serfdom and land tenure. so I perceive these movements described by lenin as feudalism striking back and defeating capitalist dominance (capitalism as described by adam smith), and replacing it with a chimera of that capitalism and feudalism value extraction strategies. contemporary writings by @doctorow and by yanis varoufakis reinforce this understanding of mine about the workings of this monstrous chimera. what I'm not saying is that capitalism, even during the early days in which it fought rent-seeking, got entirely replaced. the exploitation of workers has remained, even if their work has now been redirected, from creating products for sale and extraction of the surplus, to creating bait to seek rent from others. workers, consumers, paying customers, competitors are all targets for rent seeking. that's a far cry from the rent-free market with regulated competition that early capitalism scholars wrote about.
    In conversation about 6 months ago from web permalink

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