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That’s not the real issue. You are confusing a side effect with a root cause. The root is capitalism. Btw ,for the record, I am not against capitalism. I am ver
by quietthrow 3y ago
That’s not the real issue. You are confusing a side effect with a root cause. The root is capitalism. Btw ,for the record, I am not against capitalism. I am very much for it. It’s just that this is the side effect of capitalism. A capitalistic environment begets competition. Competition begets survival. Survival begets perpetual need to contain costs. People for most business are a big part of its cost structure. Unless you are a monopoly (think google etc) there is little incentive to give your employees a fair wage. Labor market supply and demand play a part in this too but all things equal to survive in competition keeping cost as low as possible goes a very very long way.
I think just like everything evolves capitalism needs to evolve too. “We need capitalism 2.0”Profit cannot be the sole focus. We need to shift to capitalism with a heavy bent on sustainability. Sustainable profits, sustainable for the community it serves in etc. we live in an evolved society where we curb our raw instincts for the general good. There used to be a time when all humans simply acted on their r as emotion and instincts and from that we evolved on. Same need to happen with how we organize and structure our economies and businesses.
- richardjam73 3y agoI don't think the actual cause is capitalism. I think that there is a business culture that seeks maximum profit at any cost. Seeking maximum profit is not actually required to run a business, you can do so with a lower profit and not go broke.