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> We need to find a way to sustainably live on this planet with a reasonably sized population Well said. Let's face it. Capitalism doesn't need to exist. What

> We need to find a way to sustainably live on this planet with a reasonably sized population Well said. Let's face it. Capitalism doesn't need to exist. What need to exist is the human race. Capitalism might as well be a byproduct of our rapid technological advances comes with industrial revolution. If we think out of box, this might be as well an outlier of our history. Productivity rarely increases this much and drastically through human history, and guess what, the world is fine. We might as well approaching the ultimate limit that we are testing the Earth's very capacity under the name of growth. Maybe acknowledging that technology advances later will slow down (it probably already does), the easy to grab resources are fully utilized, and we might not further optimize our energy efficiency, isn't an abnormal thing in the future. Capitalism is a tool we devised, now it has probably fulfilled its destiny, at least for that time being. And the focus of global governance should shift from being the economical winner to co-exist peacefully and sustainably in a controlled way.

wozniacki 7y ago
...Capitalism doesn't need to exist. What need to exist is the human race. Capitalism might as well be a byproduct of our rapid technological advances comes with industrial revolution. What alternate system would you put in place that has fewer ills that has not been tried before? Capitalism is a tool we devised, now it has probably fulfilled its destiny, at least for that time being. And the focus of global governance should shift from being the economical winner to co-exist peacefully and sustainably in a controlled way. And do you expect the developing economies who stand to greatly benefit from the continued primacy of capitalism as it exists right now, to consent to some new untested system? Keep in mind they are just entering the phase when they can expect to greatly benefit from their favorable demographics while those in the West are facing decline. Do you expect them to willingly come on board this new economic deal, that the West proposes? Do you see no conflict of interests?

wozniacki 7y ago

...Capitalism doesn't need to exist. What need to exist is the human race. Capitalism might as well be a byproduct of our rapid technological advances comes with industrial revolution. What alternate system would you put in place that has fewer ills that has not been tried before? Capitalism is a tool we devised, now it has probably fulfilled its destiny, at least for that time being. And the focus of global governance should shift from being the economical winner to co-exist peacefully and sustainably in a controlled way. And do you expect the developing economies who stand to greatly benefit from the continued primacy of capitalism as it exists right now, to consent to some new untested system? Keep in mind they are just entering the phase when they can expect to greatly benefit from their favorable demographics while those in the West are facing decline. Do you expect them to willingly come on board this new economic deal, that the West proposes? Do you see no conflict of interests?