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“Just Money: Banking as if Society Mattered” Available on edX and MIT OpenCourseWare Putting money to a good use, caring about society and the environment.
by jalcazar 4y ago
“Just Money: Banking as if Society Mattered” Available on edX and MIT OpenCourseWare
Putting money to a good use, caring about society and the environment.
- dingosity 4y agoHmm. Thx for the recommendation. I'll have to check this one out. I just finished reading Schumacher's "Small is Beautiful: A Study of Economics as if People Mattered." I suspect you might have gotten some of Schumacher's arguments in the course. I can't really recommend it unless you're super interested in hearing arguments from a mid-20th century economist in an era where intangibles had yet to dominate the financial world. But this is something I'm interested in, so I'll have to check that course out.
- tdrgabi 4y agoWhat impact did it have on you. How did you change afterwards?
- jalcazar 4y agoIt made me realize there are ways for capitalism to be “ethical”, that not all banks are trying to make a profit at all costs and that there are investors that track and optimize for other metrics besides monetary returns, e. g., community impact.
- BillyTheMage 4y agoCommunity impact is certainly one angle to consider capitalism from, but for me the most important and damning aspect is the investor-ownership of the means of production. I think the people doing the work should be the ones getting the profits for said work. I don't think it's right for anyone to claim ownership of another person's work. It's inherently antagonistic to have parasites built into the economy.