Comment by butlike
9 hours ago
THIS is going to be the limitation of capitalism. Capitalism isn't compassionate. It's a really good economic framework though, so it will be interesting how that's reconciled in the coming years
9 hours ago
THIS is going to be the limitation of capitalism. Capitalism isn't compassionate. It's a really good economic framework though, so it will be interesting how that's reconciled in the coming years
Money and monetary systems aren't compassionate -- people are.
Historically (in the USA), capitalism was paired with charity and supporting those around you (primarily for religious reasons).
One of the greatest downsides of the welfare system is that people don't give the money to others themselves (it's instead stripped from them and doled out without their input). They don't get to experience the good feelings that come from helping another person (only negative feelings about the government taking their money).
This removes the habits of practicing selflessness and it's positive feedback loop. As a result, we get all the downsides of capitalism with a trained selfish cohort who have no charitable feelings to counterbalance things.