How to evaluate Hayek s famous quote Capital will not exploit you, power will?

Mondo games Updated on 2024-01-30

Capital itself is a right, and if power can exploit you, then so must capital. This is a completely substitution of concepts. This is helping capital to escape responsibility.

To give a well-known example, after the collapse of the Soviet Union, the Communist Party of the Soviet Union lost power, state-owned assets were divided, and several oligarchs who held the lifeblood of the Russian economy held a meeting to dominate Russia's policy, and the average life expectancy of Russia was five years old, and Russia was reduced to a second-rate country, and it took 20 years to recover. This frightened those who wanted to privatize China, and for the sake of "sustainable development", it was much more restrained in the division of state-owned assets.

Actually, I can say a lot about this useless:

Power doesn't exploit you, people do.

People don't exploit you, bad people do.

The bad guys won't exploit you, the exploiters will exploit you.

Those who exploit will not exploit you, and those who exploit you will exploit you.

Those who exploit you will not exploit you, but those who are exploiting you will exploit you.

As for the United States, so to speak

The Americans will not exploit you, the American capitalists will exploit you.

American capitalists won't exploit you, oh no, they will.

Capital is exploited because it holds power, not because it holds capital. If capital does not hold power, then those who hold power can set a 100% tax rate or simply confiscate illegal gains. In a country where the people are the masters of the country, the reason why risk profits are still retained and left to the capitalists is because it is necessary to innovate and start a business, develop productive forces, and take the value of risk as a reward for taking risks. This is not exploitation.

This is the truth that we have come up with in practice since the founding of the People's Republic of China.

Related Pages