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Originally Posted by Monkey Banana
Capitalism does not say work will pay for or reward those who innovate, those who contribute, those who increase the overall utility. It says work will benefit whoever holds wealth.
I have trouble getting to a place where that description of capitalism is okay.
Sure who has wealth is important, maybe the most important sometimes, but it's not the only thing that is important.
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And all benefits in the economy are controlled by wealth holders -- if capitalism is efficient then in proportion to how much wealth each person holds.
Not very clear what you mean. If I was being generous I'd agree with the entire statement and what it implies.
The last statement I almost agree with but technological innovations aren't fully captured by 'wealth'.