{"id":140,"date":"2009-11-22T14:47:46","date_gmt":"2009-11-22T22:47:46","guid":{"rendered":"http:\/\/www.theagon.org\/blog\/?p=140"},"modified":"2009-11-22T14:47:46","modified_gmt":"2009-11-22T22:47:46","slug":"capitalists-note-well","status":"publish","type":"post","link":"https:\/\/www.theagon.org\/blog\/?p=140","title":{"rendered":"Capitalists, Note Well"},"content":{"rendered":"<blockquote cite=\"http:\/\/www.thefreemanonline.org\/headline\/the-dangers-of-the-myth-of-merit\/\"><p>\n[Hayek] argues that markets generally do not reward \u00e2\u20ac\u0153merit.\u00e2\u20ac\u009d That is, the people who become wealthy in the marketplace do not do so, for the most part, because they are somehow \u00e2\u20ac\u0153better\u00e2\u20ac\u009d people than those who are not as wealthy. [Merit is] not what the market rewards. The market rewards the creation of value in the form of providing goods and services that other people want. Period, end of sentence.<\/p><\/blockquote>\n<p>Something to keep in mind. From <a href=\"http:\/\/www.thefreemanonline.org\/headline\/the-dangers-of-the-myth-of-merit\/\">The Freeman Online<\/a> via <a href=\"http:\/\/www.strike-the-root.com\/2009\/november\/091122.html\">STR<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[Hayek] argues that markets generally do not reward \u00e2\u20ac\u0153merit.\u00e2\u20ac\u009d That is, the people who become wealthy in the marketplace do not do so, for the most part, because they are somehow \u00e2\u20ac\u0153better\u00e2\u20ac\u009d people than those who are not as wealthy. [Merit is] not what the market rewards. The market rewards the creation of value in [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-140","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.theagon.org\/blog\/index.php?rest_route=\/wp\/v2\/posts\/140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.theagon.org\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.theagon.org\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.theagon.org\/blog\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.theagon.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=140"}],"version-history":[{"count":2,"href":"https:\/\/www.theagon.org\/blog\/index.php?rest_route=\/wp\/v2\/posts\/140\/revisions"}],"predecessor-version":[{"id":142,"href":"https:\/\/www.theagon.org\/blog\/index.php?rest_route=\/wp\/v2\/posts\/140\/revisions\/142"}],"wp:attachment":[{"href":"https:\/\/www.theagon.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theagon.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theagon.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}