4 ms·
What does capitalism actually mean, though? Do you mean capitalism in the US, Canada, France, Germany, China? All have private property, profit oriented compani
by ace_of_spades 7y ago
What does capitalism actually mean, though? Do you mean capitalism in the US, Canada, France, Germany, China? All have private property, profit oriented companies and markets... It’s such a broad term it’s probably completely useless and it leads you down a false dichotomy. There are significant differences between existing systems and many possible new approaches to taxation and social order in the pipeline. For example, have a look at the book radical markets by Eric Posner and Glen Weyl to get a taste of what is possible in terms of legislative innovations.
So, I am not against and all for personal change and growth but absolving the economic system from change doesn’t make this task any easier. Humans are to a huge extent a product of their environment and it is certainly in everyones best interest to design “humane” or “prosocial” systems which allow humans to thrive and cooperate.