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tiffanyg | 2 years ago

Funny - I was just thinking* about some of what you've described. In my book, a great deal of what a certain group of predators and naive individuals consider "capitalism" is hollowed of its core. Hollowed of aspects those who truly understand and have faith and respect for capitalism - well-founded faith and respect - generally consider essential.

People like Warren Buffett and Charlie Munger are / were far closer to sound / faithful capitalists than most seem to be, lately:

https://www.nytimes.com/2019/05/05/business/warren-buffett-c...

But, one can go further, IMO:

https://link.springer.com/article/10.1007/s10551-020-04521-5

Those who stress the idea that "greed is good" set themselves (and, unfortunately, the rest of us, as well) up for misery and the kinds of instability / inequality / tightrope walk that may culminate in events like the Reign of Terror (one example that always comes to my mind, at least - a la Les Misérables, for example [but, so much more than 'just' that theatrical version of events]).

* ~3 hours ago - and, not a common thought at all for me (though thinking about economics in general is common)

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