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For your point 2, I think it's really interesting to think about creating value and capturing value. There's currently only 1 measure of success for capitalism
by spyckie2 7y ago
For your point 2, I think it's really interesting to think about creating value and capturing value.
There's currently only 1 measure of success for capitalism, and that's capturing value. Creating value without capturing it is seen as stupid and a waste of time.
I wonder if this is slowly changing due to the nature of "capturing value" having so many negative externalities that it really ruins the spirit of creating value.
- humanrebar 7y agoI think this is too cynical. Companies routinely crow about charitable work, community involvement, social justice advocacy, cultural benefits of their work, etc. Companies pull out of states with undesirable politics, funds divest from fossil fuels, wealthy capitalists give away wealth, others speak out for higher taxes.... Almost all have some foundation or the other supporting some social good.