4 ms·
The real "problem" with Capitalism is that the effects of the trade-offs being made are either not felt directly by the perpetrators or the feedback loop is too
by pyre 11y ago
The real "problem" with Capitalism is that the effects of the trade-offs being made are either not felt directly by the perpetrators or the feedback loop is too long that you end up in a "slowly boiling frog" situation.
If the person that reaps all of the money for a particular business makes enough money off of the venture that they can insulate themselves from the consequences, that is a failure of Capitalism. For example, someone lives in a community that depends on a particular waterway. They make a bunch of money by skimping on correct disposal of toxic waste, instead dumping it into the waterway. Once they've "made it," they take the money and leave the area. They are no longer feeling the effects of their actions, instead they are forcing them onto others. This is the legacy of Capitalism.
- icebraining 11y agoA supporter of capitalism would say the problem there is the lack of capitalism - someone should have owned the waterway, so that they'd have an incentive to sue if there was someone dumping stuff.
- cma 11y agoThat would need changes to laws. A real supporter of capitalism would say the government should be owned by a king or group of shareholders who could put those kind of laws into place and defund the care of the disabled, etc.