Corruption is like a web

“Classical economics was part of a reform process to bring Europe out of the feudal era into the industrial age. This required overcoming the power of the landed aristocracy, bankers and monopolies to levy charges that were unfair because they did not reflect actual labor or enterprise. Such revenue was deemed “unearned.”

The original fight for free markets meant freeing them from exploitation by rent extractors: owners of land, natural resources, monopoly rights and money fortunes that provided income without corresponding work – and usually without tax liability. Where hereditary rental and financial revenue supported the richest aristocracies, the tax burden was shifted most heavily onto labor and industry, in addition to their rent and debt burden.

The classical reform program of Adam Smith and his followers was to tax the income deriving from privileges that were the legacy of feudal Europe and its military conquests, and to make land, banking and monopolies publicly regulated functions. Today’s neoliberalism turns the word’s original meaning on its head. Neoliberals have re-defined “free markets” to mean an economy free for rent-seekers, that is, “free” of government regulation or taxation of unearned rentier income (rents and financial returns).”

Excerpt From: Michael Hudson. “Killing the Host.”

Actually, some spiders hunt instead of building traps.

lmao. "envy". clever trivialization of the FACT, that you are already owned bro. feelsbadman

Never mind DimberIQ72, it literally had an extended argument some months ago claiming that envy and greed were the same thing. No that one might lead to or fuel the other, but one and the same.

is it hating, if a person or a community recognizes criminal behavior? are we to simply accept it and mind our business? pedophilia? just stop hating and mind my business?

today's inbred 1%, largely old family money blood lines, born into the state, not earned, have used their amassed wealth and power to take control of the system, to manipulate it, to create loopholes and provisions, that has seen the world's work funneled into the the hands a small group, (unearned income - read a little adam smith if you're up to it) indoctrinated into believing their deity gave them dominion over us all. it's psychotic, and the fruit of inbreeding for many generations.

you need to read more bro. or watch some well done, well sourced, documentaries start here

https://youtu.be/np_ylvc8Zj8

“The title of Adam Smith’s chair at the University of Edinburgh was Moral Philosophy. This remained the name for economics courses taught in Britain and America through most of the 19th century. Another name was Political Economy, and 17th-century writers used the term Political Arithmetic. The common aim was to influence public policy: above all how to finance government, what best to tax, and what rules should govern banking and credit.

The French Physiocrats were the first to call themselves économistes. Their leader François Quesnay (1694-1774) developed the first national income models in the process of explaining why France should shift taxes off labor and industry onto its landed aristocracy. Adam Smith endorsed the view of the Marquis de Mirabeau (father of Honoré, Comte de Mirabeau, an early leader of the French Revolution) that Quesnay’s Tableau Économique was one of the three great inventions of history (along with writing and money) for distinguishing between earned and unearned income. The subsequent debate between David Ricardo and Thomas Malthus over whether to protect agricultural landlords with high tariffs (the Corn Laws) added the concept of land rent to the Physiocratic analysis of how the economic surplus is created, who ends up with it and how they spend their income.

The guiding principle was that everyone deserves to receive the fruits of their own labor, but not that of others. Classical value and price theory provided the analytic tool to define and measure unearned income as overhead classical economics. It aimed to distinguish the necessary costs of production – value – from the unnecessary (and hence, parasitic) excess of price over and above these costs. This monopoly rent, along with land rent or credit over intrinsic worth came to be called economic rent, the source of rentier income. An efficient economy should minimize economic rent in order to prevent dissipation and exploitation by the rentier classes. For the past eight centuries the political aim of value theory has been to liberate nations from the three legacies of feudal Europe’s military and financial conquests: land rent, monopoly pricing and interest."
Excerpt From: Michael Hudson. “Killing the Host”

perfect!

When Dimber posts that it means it has nothing remotely resembling a rebuttal and you shut it up good.