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the bulk of the economic dislocation was caused by well intentioned people making good faith decisions that in hindsight proved very foolish I agree with that.
by throw474374383 4y ago
the bulk of the economic dislocation was caused by well intentioned people making good faith decisions that in hindsight proved very foolish
I agree with that. But that comes about because we've arranged our economic activity into monolithic 'corporations' that are immortal, have the legal status of persons, and are compelled to chase shortsighted profit above all else, show no remorse, and any moral wrongdoing is just a slight financial risk to be approached like any other monetary risk.
All the humans working for the oil industry today are making good faith decisions but together they work for a massive unstoppable inhuman juggernaut that is destroying our climate while fighting every attempt to rein it in with every means possible at its disposal.
And yes I can call corporations greedy. They have demanded to be treated as people in the courts of law so I'll judge them as people
- PathOfEclipse 4y agoHere's the thing. Most corporations today believe in "stakeholder" capitalism . Most follow ESG. This means they explicitly state that they are not all about profit but instead also about making the world a "better" place. And what is the result of that? I would argue that corporations are now more evil than ever. Capitalism is great, but it only works when founded on a strong moral framework. Christianity served that purpose for the history of capitalism. However, once you abandon or corrupt your morality, then you'll see the majority of corporations do evil things, no matter whether they claim to only care about profits, or whether they claim that they also want to save the environment and bring about equity, inclusivity, or whatever Marxist Utopian ideal is in vogue at the moment.