4 ms·

Capitalism will eat democracy, unless we speak up

• wmccullough 9y ago
  From my perspective, it already has.
• paulddraper 9y ago
  > A mountain of idle cash belonging to rich savers and to corporations, too terrified to invest it into the productive activities I was not familiar with this. AFAIK cash hoards were to avoid taxes on productive activities?
• closeparen 9y ago
  This does not even slightly account for risk. If all compensation is profit-sharing and I'm not a rich saver with a mountain of idle cash, it would be suicide to work at a new company, and impossible to build a company on the basis of a large initial investment that pays off over time. The ideas that you take your earned equity with you when you leave, and that companies would be owned exclusively by their current workers, are mutually incompatible. As with most critiques of capitalism, the attempt to propose an alternative is lazy and poorly considered.
• mc32 9y ago
  It has arguably already eaten communism in many ways -even Yannis says so... Even good old Cuba is capitulating.