Comment by emteycz
3 years ago
Capitalism doesn't happen without state and it is defined by the state, so it's a failure of state regulation, not capitalism itself. States must set different regulation and/or incentives. It's perfectly possible to have 100% ecological capitalism.
Capitalism is the engine behind the pay-to-play nature of the political processes and the supporting propaganda that triggers those failures.
You cant separate capitalism from, for example, the decades of amplified Koch propaganda attacking environmental regulatory prudence and buying up politicians. The Kochs respond to incentives just like everybody else.
>It's perfectly possible to have 100% ecological capitalism.
Only with a shallow and one dimensional view of what capitalism really is and how a state actually functions.
Pay-to-play happens in every single society. The bigger the government, the more benefit there is in engaging in this behaviour.
Corruption of some form usually exists in every society but this form is something a bit special.
r > g means that the power accumulates at a geometric rate without countervailing forces.
What this means is that capitalism requires an exceptionally tight leash to not spin out of control. The mere presence of voting isnt enough.
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> Capitalism is the engine behind the pay-to-play nature of the political processes and the supporting propaganda that triggers those failures.
No it's not. Greed is. Corruption happens everywhere, and as ever, a Communist state where government is far more powerful will be more corruptible.