4 ms·

I know it’s in vogue to blame capitalism, like our economic system is a faceless AI that decides things in a perfectly efficient market (It’s not). Behind the

I know it’s in vogue to blame capitalism, like our economic system is a faceless AI that decides things in a perfectly efficient market (It’s not). Behind the curtain there are humans making decisions. They may be hedge funds, investors, board members, etc. There are humans that deliberately want to do business with China and know exactly what is happening with those workers. It wasn’t capitalism that outsourced iPhone production to a sweat shop, it was a group of real people who are morally bankrupt.

account42 4y ago
Capitalism is blamed because it is the system that lets those morally bankrupt people get rich of those decisions without any real consequences.
- vdqtp3 4y ago
  As opposed to socialism and communism where morally bankrupt leaders are unable to get rich off their decisions with no consequences? Power and corruption are ubiquitous in every system.