2/ In other words, the time lag means that economic rents work for the actors that get them, whether slowing economic growth or stimulating innovation. (slow growth is not the opposite of innovation)
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Replying to @AMK2934
Sure, no one owes Capital a planet to play with. It has to take one (amid many challenging antagonists).
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Replying to @Outsideness
The Roman Empire never had an industrial revolution because it never had patents and trademarks. Policy creates capital, not the other way around.
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Replying to @AMK2934
That is not only a socialist argument, it's THE socialist argument.
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Replying to @Outsideness @AMK2934
... The argument for Capital is that it's cryptographic before it's legalistic. It starts with concealing stuff, not with the permission of the king.
1 reply 1 retweet 9 likes -
Replying to @Outsideness
If capital is above voice it shouldn't need arguments.
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Replying to @Outsideness @AMK2934
Capital must have loyalty to something other than itself.
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Replying to @Outsideness @AurelianofRome
Capital; 1. Suppresses birth rates of its own consumers and high IQ workers. 2. Brings in destructive immigrants. 3. Needs redistribution to maintain consumer spending on its own products. 4. Depends for innovation on patent socialism.
3 replies 0 retweets 2 likes
Tbh democracy also does 1 and 2
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