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> Rather, she targets ‘economism’ - a particular set of economic theories and assumptions, plus a layer of incentives we’ve built atop them. Neither updating ou
by lefrenchy 6y ago
> Rather, she targets ‘economism’ - a particular set of economic theories and assumptions, plus a layer of incentives we’ve built atop them. Neither updating our theories to better match reality, nor redesigning the incentive structures that underlie economic outcomes require an exit from capitalism.
While that may be true, I think the reason we got here is because Capitalism inherently incentivizes those types of theories, assumptions, and incentives. You can argue that an ethical Capitalism is possible sure, but that would require labor power and a strong state to prevent the erosion that we have seen in the last half decade.