07-10-2022, 07:42 AM
(07-09-2022, 03:01 PM)JasonBlack Wrote: The cause of our problems is not that we have a capitalist system. It's that we looked to an economic system to tell us what our morality should be, rather than viewing it as a tool, and a means of organizing labor and resources. Americans as a people are prone to impatience and simplistic, black-and-white thinking. The concept of "necessary but not sufficient" is not understood by enough people.
Sorry, but this is far to simplistic to stand. Yes, capitalism is the root cause of our problems, because it is based soley on private gain. There was a period when the concept of stakeholder capitalism had a few years in the sun, but that was destroyed by Milton Friedman. Friedman stated in no uncertain terms that the sole reason for corporations to exist as the common bread of the capitalist model was owner profits -- any pretense of morality or ethics be damned. Now, we're approaching a neo-Feudalism based on corproate power rather than baronies. It was bad then; it's bad now.
Do you really believe that, given free reign to take what they want, capitalists will render a fair share to the commonweal to support the society that created corporations in the first place? The question answers itself.
Intelligence is not knowledge and knowledge is not wisdom, but they all play well together.