Comment by leifaffles
9 years ago
Why does basically every economist disagree that "capitalism is fundamentally broken"?
Is that because they don't "understand the dynamics of how economies work"?
9 years ago
Why does basically every economist disagree that "capitalism is fundamentally broken"?
Is that because they don't "understand the dynamics of how economies work"?
Be cause the incentives are not ethically nor morally guided.
This doesn't mean anything.
Which ethics? Which morals? Yours?
Capitalism is a tool that expands where money finds "life" (like in Conway's game of Life) but money lacks direction for short term and long term benefit to the planet, humanity, and all the species on it. Money is not necessarily oriented toward harm and creating inequality, money can be oriented a different way, and peace can be profitable.