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rajanaccros | 2 years ago

> I don’t think any CEO can be moral if your primary obligation is “shareholder value”.

I am really glad I am starting to see a lot more posts here on HN with regard to this fact. Capitalism is literally destroying everything and has proven itself not to be a viable system for long term sustainability and a healthy society and ecosystem.

Some of the smartest people on the internet aggregate on HN and some have still not figured this out. Either because 1) They haven't taken the time to look into the n-order knock on effects that are produced by capitalism in it's current form, or 2) they are too interested in self-enrichment to make any changes to behavior for their own comfort and convenience.

We should get of publicly traded corporations and Wall Street should disappear in my opinion. It is that publicly traded shareholder value that drives all the crimes against society/environment in this late stage. However, we are up against a severely selfish and entrenched minority with a ton of power who won't let that happen ... at the cost of everything.

discuss

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Daz1|2 years ago

Capitalism is the driving force behind everything you enjoy about your modern, comfortable life.

rajanaccros|2 years ago

How is it the driving force behind everything comfortable? If another system was in place are you saying that we would not have had progress towards human comfort? And it seems you are assuming that I wouldn't give up a comfortable life for a more fair and just system with less market externalities? If your measure for success is comfort, then you are the exact person I am trying to convince that we need something else.

XorNot|2 years ago

As much as I disagree with the OP, this is just as naive. What we enjoy about our modern lives in Western societies is a productive mixed-market economy. The "pure capitalism" argument is just as naive as to pretend it's failed with no redeeming features (which itself, is fallacious because the critics propose no alternative they care to describe - but pointing out a problem with the current system doesn't mean anything if you can't raise a reasonable alternative).

pikelet|2 years ago

Meanwhile, just last year people living a couple of blocks from me were removing sludge a metre high from the floors of their homes due to river flooding levels we've never seen before. Very comfortable indeed.

Timon3|2 years ago

Capitalism is definitely not the driving force behind most of the great art I enjoy in my modern life. Capitalism destroys art, and it's hard to imagine just how much great art we've missed out on because the artists had to stay busy with work so they can live.

prottog|2 years ago

> Capitalism is literally destroying everything

You can't give credit all the credit to capitalism. Communism destroyed what was the fourth-largest lake in the world, which was so big that it was called a "sea"[0].

> Some of the smartest people on the internet aggregate on HN and some have still not figured this out. Either because 1) They haven't taken the time to look into the n-order knock on effects that are produced by capitalism in it's current form, or 2) they are too interested in self-enrichment to make any changes to behavior for their own comfort and convenience.

The age-old adage that anyone opposed to your viewpoint is either stupid or evil.

[0]: https://en.wikipedia.org/wiki/Aral_Sea

rajanaccros|2 years ago

> You can't give credit all the credit to capitalism. Communism destroyed what was the fourth-largest lake in the world, which was so big that it was called a "sea"[0].

The age-old adage that if it is not capitalism, it must be communism.

> The age-old adage that anyone opposed to your viewpoint is either stupid or evil.

Which one are you? Sure my take was reductionist, but you are using my critique to distract is disingenuous. You are trying to defend capitalism by saying that you are not stupid or evil. If I have missed an adjective to describe people who have not discovered this ruthless system of destruction what would it be? Ignorant? Willfully Ignorant?

wahnfrieden|2 years ago

Both state and capital can be bad. Of course.