2 ms·
Funny - I was just thinking* about some of what you've described. In my book, a great deal of what a certain group of predators and naive individuals consider "
by tiffanyg 3y ago
Funny - I was just thinking* about some of what you've described. In my book, a great deal of what a certain group of predators and naive individuals consider "capitalism" is hollowed of its core. Hollowed of aspects those who truly understand and have faith and respect for capitalism - well-founded faith and respect - generally consider essential.
People like Warren Buffett and Charlie Munger are / were far closer to sound / faithful capitalists than most seem to be, lately:
https://www.nytimes.com/2019/05/05/business/warren-buffett-capitalism.html https://www.nytimes.com/2019/05/05/business/warren-buffett-c...
But, one can go further, IMO:
https://link.springer.com/article/10.1007/s10551-020-04521-5 https://link.springer.com/article/10.1007/s10551-020-04521-5
Those who stress the idea that "greed is good" set themselves (and, unfortunately, the rest of us, as well) up for misery and the kinds of instability / inequality / tightrope walk that may culminate in events like the Reign of Terror (one example that always comes to my mind, at least - a la Les Misérables, for example [but, so much more than 'just' that theatrical version of events]).
* ~3 hours ago - and, not a common thought at all for me (though thinking about economics in general is common)