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I think it would be more fair to say “venture” or “growth” capitalism. Non-profit organisations exist on the same principles of capitalism that for-profit organ
by devjab 3y ago
I think it would be more fair to say “venture” or “growth” capitalism. Non-profit organisations exist on the same principles of capitalism that for-profit organisations do, and many of them would not exist in a world without the freedom from external governance that all organisations are offered through capitalism.
I know this can be a touchy subject for people on the American left, but there is likely a reason human history has not produced a whole lot of organisations with independent governance outside of capitalism. At least I think you will be hard pressed to find examples of it if you go looking. I know because I’m a left leaning Scandinavian who spent a lot of my youth looking (including a minor in history).
That being said, organisations like Twitter are the worst examples of capitalism. At least in my opinion, in that they are companies that do not generate a profit. But instead plan to, somehow, sometime, generate a profit for their investors. It’s essentially like running a non-profit organisation without any of the moral obligations. Obviously a very cool idea here on HN considering this is a venture capitalist site, but maybe not so good for humanity as a whole.
- laserlight 3y ago> there is likely a reason human history has not produced a whole lot of organisations with independent governance outside of capitalism. The reason is that capitalism actively undermines any competing type of organization. Organizations which build sustainable and ethical products or services are quickly driven out of market when capitalism offers competing products or services for free.