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
Or not. Adam Smith - the father of Capitalism recognised the problem of Rent Seeking behaviour.
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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”
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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