That’s what government is supposed to be for. To regulate. Capitalism is like a car, or a train. When under control, harnessed, maintained, directed, it is an amazing engine for accomplishing things. When out of control, it’s deadly.
Capitalist markets are built off of the idea that people are inherently self serving and the ensuing competition will benefit people with lower prices, better products, etc to meet their own selfish needs. Capitalism uses capital to gain more capital, and is exploitative by design. When a company acts in a way to maximize profits, and appease shareholders, they’re doing it selfishly, with total disregard for others or the environment, in a system that rewards their actions. This is quite like psychotic, or sociopathic, behavior.
I just think trying to control this is a losing battle, and what we really need are foundational changes to values, motives, and what gets rewarded and how.
I think people are more than that. The point being that nothing is inherently wrong with making individualistic self serving choices except when there is disregard for others. But people can also be compassionate, alturistic, giving, and cooperative, so how about a system that rewards the better parts of human nature?
The point being that nothing is inherently wrong with making individualistic self serving choices except when there is disregard for others
Historically, individualism hasn’t been a good survival strategy. I agree that self-interest isn’t inherently wrong, although I believe much of the things we consider self-serving are ultimately only sane to do once our basic needs are met, and depending on where you are and who you are, those may be at risk soon. There’s a reason why people historically formed tribes and villages to survive, individualism is only possible when you have the privilege of an advanced enough society. The capitalist market system, in fact the market system altogether, couldn’t come into existence prior to civilization, where society was strong and safe enough that individual enrichment was a viable survival strategy.
This video makes the point I’m getting at more concretely. Can start at 15:55, when they begin talking about historical materialism. https://www.youtube.com/watch?v=9nPVkpWMH9k
(tagging parent commenter @[email protected] because this also addresses their reply about people’s inherent self-serving)
If it were that simple, then we should just liquidate the billionaires with rifles. They deserve no respect.
Unfortunately, they’re just the symptom of systematic issues of capitalist political economy, so without solving that, new billionaires will emerge.
That’s what government is supposed to be for. To regulate. Capitalism is like a car, or a train. When under control, harnessed, maintained, directed, it is an amazing engine for accomplishing things. When out of control, it’s deadly.
Capitalist markets are built off of the idea that people are inherently self serving and the ensuing competition will benefit people with lower prices, better products, etc to meet their own selfish needs. Capitalism uses capital to gain more capital, and is exploitative by design. When a company acts in a way to maximize profits, and appease shareholders, they’re doing it selfishly, with total disregard for others or the environment, in a system that rewards their actions. This is quite like psychotic, or sociopathic, behavior.
I just think trying to control this is a losing battle, and what we really need are foundational changes to values, motives, and what gets rewarded and how.
You think they’re not?
I think people are more than that. The point being that nothing is inherently wrong with making individualistic self serving choices except when there is disregard for others. But people can also be compassionate, alturistic, giving, and cooperative, so how about a system that rewards the better parts of human nature?
Historically, individualism hasn’t been a good survival strategy. I agree that self-interest isn’t inherently wrong, although I believe much of the things we consider self-serving are ultimately only sane to do once our basic needs are met, and depending on where you are and who you are, those may be at risk soon. There’s a reason why people historically formed tribes and villages to survive, individualism is only possible when you have the privilege of an advanced enough society. The capitalist market system, in fact the market system altogether, couldn’t come into existence prior to civilization, where society was strong and safe enough that individual enrichment was a viable survival strategy.
This video makes the point I’m getting at more concretely. Can start at 15:55, when they begin talking about historical materialism. https://www.youtube.com/watch?v=9nPVkpWMH9k
(tagging parent commenter @[email protected] because this also addresses their reply about people’s inherent self-serving)
No one earns a billion dollars. They steal it from those that create wealth.
Garys Economics on Youtube talks about this and his proposed solution. He’s worth checking out.