> The point of capitalism is that profits go to those who work hard to earn them.
No, the point of capitalism -- and for which its critics named it "capitalism" -- is that profits go to those who own capital.
The idea that the proceeds generated by hard work should go to those working hard rather than being captured by capital was sort of the central criticism aimed at the dominant system of the developed world in the 19th century by the critics that gave that system the name "capitalism".
No, the point of capitalism -- and for which its critics named it "capitalism" -- is that profits go to those who own capital.
The idea that the proceeds generated by hard work should go to those working hard rather than being captured by capital was sort of the central criticism aimed at the dominant system of the developed world in the 19th century by the critics that gave that system the name "capitalism".