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Are we the baddies?

(geohot.github.io)
692 points AndrewSwift | 1 comments | 06 Jul 25 05:36 UTC | HN request time: 0.232s | source
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mhog_hn ◴[06 Jul 25 09:14 UTC] No.44479081[source]▶
What meta structure allows us to get rid of rent seeking behavior?

I don’t have an answer - is there scientific research on this?

Taxation? Loopholes will be found.

Lawfare against it? Lobbying will win.

I am amazed by capitalism, but at the same time it is a ruthless machine - and in democratic countries it is highly unlikely that a single political party can force the machine into a new direction. Perhaps that is a very nice feature, at the cost of also having to tolerate rent seeking, but it sure as hell sucks to see these downsides.

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1. poorlyknit ◴[06 Jul 25 09:56 UTC] No.44479289[source]▶
What can we do to make rent-seeking hurt society less? Imo we should start by decoupling money from power. Right now, people are forced to participate in the rent-seekers game because his wealth implies power over them.