2 ms·
> Neither the dollar as the object of transaction nor the system of accounting (accounting for resource allocation) called capitalism, have any real connection
by giraffe_lady 4y ago
> Neither the dollar as the object of transaction nor the system of accounting (accounting for resource allocation) called capitalism, have any real connection to the underlying drivers. The same problems existed in many other means of transacting (currency) and economic systems (communism notoriously being a sprint towards corruption).
Capitalism provides a moral justification for the actions of greed, it makes responding to those incentives seem inevitable and necessary and so not the responsibility of the person actually doing it.
Neither of those is necessarily inherent to capitalism, I guess, but they are certainly part of the structure of the capitalism we live with so shouldn't be dismissed either.