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Well, maybe I should have re-phrased it to "Capitalism with maximizing shareholder value characteristics". Toss human nature on top of that, and you're biased t
by president 4y ago
Well, maybe I should have re-phrased it to "Capitalism with maximizing shareholder value characteristics". Toss human nature on top of that, and you're biased towards "late stage capitalism".
- czbond 4y agoI disagree. My context - I am an ardent, to the core capitalist - but a humane capitalist. I believe in continued failure until success. Letting failure die. Capitalism in it's current form has it's incentives mis-aligned. When aligned correctly, and not solely chasing the highest returns or Internal Rate of Return - capitalism can be the most potent force I feel on Earth. Why? Because it aligns humans incentives (do better, provide more for self & family) with growth.
- president 4y agoYes, I agree. My criticism is of the current form of capitalism that is so entrenched that we won't ever seem to escape without some kind of forced reset.
- czbond 4y agoTotally agree - lawmakers (who are currently attorneys) should be replaced with engineers & company leads need CEO & CFO priority re-alignment, although that is asking a whole lot.