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I don't agree. Capitalism is just an exchange of something(work/goods) for currency. In its essence is nor good or bad. Greed is in the humans that are running
by silvajr 6y ago
I don't agree. Capitalism is just an exchange of something(work/goods) for currency. In its essence is nor good or bad. Greed is in the humans that are running the company. I tend to side more with the other responses, that as it grows it tends to lose focus of its core values (considering it ever had any) and also having to post profits for the shareholders at any costs.
- 3minus1 6y ago> Capitalism is just an exchange of something(work/goods) for currency. This is kind of like saying evolution is just animals surviving and breeding. It misses the crucial concept of natural selection, where beneficial adaptations get selected and naturally propagated through the species. Similarly with capitalism, those companies that find ways to increase profits over competition via whatever means possible will also grow and become more powerful. Bemoaning greedy CEOs kind of misses the point in IMO, because as long as greedy/competitive individuals exist, they will succeed in a capitalist system.