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> I wonder whether the developed world's political leadership can figure out how to unwind financial capitalism without the help of a global pandemic, famine, o
by rm_-rf_slash 10y ago
>
I wonder whether the developed world's political leadership can figure out how to unwind financial capitalism without the help of a global pandemic, famine, or great war. It's seeming less and less likely.
In theory it's obvious. In practice, much harder: tax the wealthy and techno-upper-class sufficiently to provide safety nets for the general population and to invest in opportunities that the free market would shun on its own like solar power, enact meaningful regulation to protect workers, consumers, and the environment, and remember that all people are people with hopes and dreams and strengths and fears.
Like I said, it is hard to implement, but for the problems you describe, that is the solution.