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What a missed opportunity. Imho Capitalism should be understood as "a system where the size of your capital determines the actions in society", which is undoubt

What a missed opportunity. Imho Capitalism should be understood as "a system where the size of your capital determines the actions in society", which is undoubtedly where we are. Some financial actors have become so large they can buy a significant share of a company and effectively dictate what they want them to do. And they don't even need their own money. They are using _your_ money. It is your money inside pension funds, or index funds which large financial institutes can use to get more influence throughout the economy. And you can thank private equity for the hollowing out of the housing market or medical care sector.

imtringued 3y ago
There is this subreddit called capitalism Vs socialism and they can't agree on the definition for capitalism. It's in the name. The people with a lot of capital are the ones in charge and making the decisions and the general expectation is that capitalists only hand over capital for a return. A post growth economy needs investors who are okay with only getting back what they invested and nothing more.
- marcosdumay 3y ago
  Well, by that definition, the opposite of Capitalism is Democracy.
- DarkNova6 3y ago
  >> A post growth economy needs investors who are okay with only getting back what they invested and nothing more. I would love this to be true, but I'm afraid you cannot change the psychology of the people like this. You could argue that ESG is already nudging companies into this direction. But now you have directed capital flow for non-standardized goals. It is still outside of democratic control and under control of the largest cooperations on earth. There are tabacco companies which have an ESG score higher than Tesla... The problem is not the growth. Is the increasing wealth discrepency. "Too big to fail" should be "too big to exist". And no, I am very anti-marxist.

imtringued 3y ago

There is this subreddit called capitalism Vs socialism and they can't agree on the definition for capitalism. It's in the name. The people with a lot of capital are the ones in charge and making the decisions and the general expectation is that capitalists only hand over capital for a return. A post growth economy needs investors who are okay with only getting back what they invested and nothing more.

marcosdumay 3y ago
Well, by that definition, the opposite of Capitalism is Democracy.
DarkNova6 3y ago
>> A post growth economy needs investors who are okay with only getting back what they invested and nothing more. I would love this to be true, but I'm afraid you cannot change the psychology of the people like this. You could argue that ESG is already nudging companies into this direction. But now you have directed capital flow for non-standardized goals. It is still outside of democratic control and under control of the largest cooperations on earth. There are tabacco companies which have an ESG score higher than Tesla... The problem is not the growth. Is the increasing wealth discrepency. "Too big to fail" should be "too big to exist". And no, I am very anti-marxist.