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The problem is CAPITALISM. Capitalism prioritizes profits over people's lives. If it were profitable to stockpile resources to protect life and/or property, i
by buck4roo 6y ago
The problem is CAPITALISM.
Capitalism prioritizes profits over people's lives.
If it were profitable to stockpile resources to protect life and/or property, in advance of foreseeable adverse events, we would be more prepared.
Precisely because it is not profitable, we are not.
- rswail 6y agoThe problem is not the mechanism of capital distribution, it's the incentives. Effectively, government (through taxation and public works) is the mechanism of capital (re-)distribution that is not (or should not be) profit driven.
- eeZah7Ux 6y ago> The problem is not the mechanism of capital distribution, it's the incentives. ...which is exactly capitalism: 1) private companies are required to maximize (short term) profit as their first priority. 2) the billionaire class can heavily influence policy through regulatory capture