Comment by wpietri

8 years ago

I think it depends a lot on the kind of capitalism you have. There's what I think of as small-business capitalism, where business owners in a community naturally take the community's interest into account because that's where they live.

I think that's distinct from American MBA capitalism, which is the increase-shareholder-value, up-and-to-the-right, maximize-short-term-cash-gains kind.

The former is positive-sum, the latter can easily be negative sum. And I think the latter, because it doesn't include any humanity in its calculus, is perfectly capable of profitable tyrrany.