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Why does basically every economist disagree that "capitalism is fundamentally broken"? Is that because they don't "understand the dynamics of how economies wor
by leifaffles 9y ago
Why does basically every economist disagree that "capitalism is fundamentally broken"?
Is that because they don't "understand the dynamics of how economies work"?
- sova 9y agoBe cause the incentives are not ethically nor morally guided.
- leifaffles 9y agoThis doesn't mean anything. Which ethics? Which morals? Yours?
- sova 9y agoCapitalism is a tool that expands where money finds "life" (like in Conway's game of Life) but money lacks direction for short term and long term benefit to the planet, humanity, and all the species on it. Money is not necessarily oriented toward harm and creating inequality, money can be oriented a different way, and peace can be profitable.