Good points. Particularly your last, "In what court will the crime be judged? An "International People's Court"? With this, how does one arrive at the definition of criminality? Who will prosecute the charges - crimes? In what type of criminal - justice system?
I'm curious.
profit-seeking vs rent-seeking
Are they the same thing?
Is one moral and the other not?
Michael Hudson's definition means rent-seeking is surely immoral.
Caitlin's implied definition means profit-seeking is also immoral.
Does that make business immoral?
Does that mean any exchange of money is immoral?
Are we making noises that seem meaningful to ourselves but which have a different meaning (or no meaning) to others?
Can we be guilty if we don't know what the crime is?
Or is this a "know it when I see it" kind of thing? Where I see it one way and you another?
Are Americans guilty of the crimes committed by their elected leaders even if they didn't vote in the last election? Last 2 elections? Never voted?
Or are they serfs with no control over the Oligarchy?
In what court will the crime be judged? An "International People's Court"?
Good points. Particularly your last, "In what court will the crime be judged? An "International People's Court"? With this, how does one arrive at the definition of criminality? Who will prosecute the charges - crimes? In what type of criminal - justice system?
Again, good points.
It does not have to be either profit seeking or rent seeking to limit the power of BIG business and BIG government.