3 ms·
> We need a new economics It could be argued that capitalism has played a significant part in the improvement in our living conditions and the technogical deve
by GordonS 2y ago
> We need a new economics
It could be argued that capitalism has played a significant part in the improvement in our living conditions and the technogical development of our species. Then again, it could also rather easily be argued that capitalism is a plague on society that will inevitably result in total domination by a handful of billionaires.
But what realistic alternatives are there? And even if such an alternative exists, why would those in control - who benefit the most from capitalism - relinquish their power?
- philosopher1234 2y agoCapitalism is an objective benefit to our species, much has improved that couldn’t have under feudalism. Yet, just as you might rearrange your house when you have kids, we should rearrange our economy when the existing system no longer meets our needs. The challenges you point out are massive, but if it’s true that a change is necessary, then the challenges must be overcome.
- GordonS 2y agoI imagine most Europeans would be happy with a rule such as "no individual to own €1B in assets" as a start. But even if rules for a fairer, more equitable form of capitalism can be devised, I fear the entrenched position and loose morals of the top capitalists would be difficult or impossible to overcome.
- philosopher1234 2y agoMe too. It seems almost impossible. But I don’t know any other option, so I invest my hope in the possibility that, if there were a broader openness to change, maybe some new ideas might come along (or abandoned ones might become possible)