It does, no one really has a net worth one way or another when they are a child.
Define righteous? Define immoral?
Capitalism rewards providing actual value to people. It doesn't reward shallow niceties and self-righteousness, those are common.
Define righteous? Define immoral?
Capitalism rewards providing actual value to people. It doesn't reward shallow niceties and self-righteousness, those are common.
The point here was that credit scores do not only rate your own behavior, but also those of people around you. If your neighborhood is bad, your credit score might reflect that instead of your own performance as a debtor. And if your neighborhood becomes hip and gains a better reputation, your credit score might improve even though you're still the same person.
If you think that everyone who gets rewarded in a capitalist society do so because they provide value then you have to ask: What value do scam artists provide?
I don't know any rich scam artists. I do know hundreds of wealthy technology professionals, however.
The net worth of one's parents makes quite a difference in practice.
That includes things like being born with a right of residence in a developed, stable country vs. in a refugee camp in a war-torn part of the world.