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greenimpala | 1 year ago

Profit over ethics, self-interest over communal well-being, and competition over cooperation. You're describing capitalism.

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tmnvix|1 year ago

I don't necessarily disagree with you, but I think the issue is a little more nuanced.

Capitalism obviously has advantages and disadvantages. Regulation can address many disadvantages if we are willing. Unfortunately, I think a particular (mostly western) fetish for privileging individuals over communities has been wrongly extended to capital itself (e.g. corporations recognised as entities with rights similar to - and sometimes over-and-above - those of a person). We have literally created monsters. There is no reason we had to go this far. Capitalism doesn't have to mean the preeminence of capital above all else. It needs to be put back in its place and not necessarily discarded. I am certain there are better ways to practice capitalism. They probably involve balancing it out with some other 'isms.

FpUser|1 year ago

>"I think a particular (mostly western) fetish for privileging individuals over communities has been wrongly extended to capital itself (e.g. corporations recognised as entities with rights similar to - and sometimes over-and-above - those of a person)"

Possible remedy will be to tie corporation to a person - person (or many if there are few owners and directors) become personally liable for everything corporation does.