this post was submitted on 23 Oct 2024
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[–] Semjaza@lemmynsfw.com 9 points 3 weeks ago (12 children)

Why do you think Capitalism has meritocracy as a core component?

Capitalism is a system where capital needs to be converted into more capital via economic action (reinvestment) rather than just sat upon.

Capital will always find ways to grow, if there are laws - they will be lobbied against. Or those with main market share will work together to stabilise the market and squash competition.

[–] Clinicallydepressedpoochie@lemmy.world -1 points 3 weeks ago* (last edited 3 weeks ago) (11 children)

Meritocracy is built in. The better product; the greater amount of production; the higher efficiency; is supposed to be what drives capitalism.

[–] WordBox@lemmy.world 3 points 3 weeks ago

Built in to what? Make it cheaper, faster. The better product becomes a luxury.

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