On: Ask HN: Why is Hacker News so anti-crypto?

[beaconstudios]

Capitalism isn't an idea, it's a system that we live within.

Yes, if you care about blame then you can just blame people for bad actions and call it a day. But if you care about actually preventing bad actions then you need to look at incentives, and that's where the study of political economy comes in.

[smitty1e → beaconstudios]

Indeed, to quote myself within this very thread:

> Incentives matter in the buyer/maketplace/seller realm of economics.

[beaconstudios → smitty1e]

then what was your objection? Capitalism incentivises profiteering, the crypto industry is an example of practically pure profiteering.

[smitty1e → beaconstudios]

Capitalism is an intellectual concept, like Socialism.

Materialism is the driver of the mischief in either the capitalist or Socialist case.