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I blame our debt-based system for fueling globalization at a rapid speed and for shifting the focus too much towards low-costs and mass production. When consum
by jongjong 2y ago
I blame our debt-based system for fueling globalization at a rapid speed and for shifting the focus too much towards low-costs and mass production.
When consumers are in debt and deprived of surplus income, they are forced to ignore their ethical concerns and go for the cheapest of the cheap, which is usually bad for the environment.
Had we had a more decentralized system, with less severe inequality, I tend to think that we would be using a far more heterogeneous set of materials in manufacturing. There would be less focus on minimizing costs, leaving more room for ethics and thus we wouldn't end up with massive global problems like this.
It's weird how plastic in its current form has been around and sold in such massive qualities for such a long time. It makes it look as though there is absolutely no room for innovation. But history tells us there is always room for innovation. Capitalism has been good at finding creative paths (plural). The tech monoculture we have today seems unnatural. Likely propped up by our debt-based monetary system which allows infinite compounding of wealth which leads to unsurmountable artificial centralization. It manufactures inequality, homogeneity and groupthink.
Capitalism should be a hydra, but the monetary system has turned it into a one-headed dragon with a single mighty but aging head.