Capitalism in a nutshell:
1. Invest all money in businesses that exploit natural resources (the environment/people) in an unquenchable, shortsighted & illogical thirst for perpetual growth within a closed system.
2. When ramifications become visible, blame the people forced to patronise those businesses due to lack of alternatives for being irresponsible in their personal consumption choices.
Rinse and repeat until we all die because we’ve destroyed our habitat.
So, how’s your week going? :)
The problem with it, is that the interest rates are the sole criterion on which it is decided in what to invest. And of course the enterprises with highest interest rates are bound to be unsustainable.
BTW, now I think I understand what people here mean by capitalism: it's not the market mechanism itself, but unsupervised financial market or it's power.
The standard answer to this problem is that the destructive or unsustainable businesses shouldn't be ever legally possible.
Thus regulations and democracy. And then it boils down to a political crises: when majority of people claim to *want* it how it is, luxurious and unsustainable. And then one may trace it to bad education or something.
Alternatively, one may try to attack this problem from the other end: why people ever are storing their money in banks, but not invest them directly into the companies they find ethical yet not necessarily the most profitable?
Again, the lack of skills & info.
People usually have retirement plans. Young people have ideas and expenses, but not resources. Old people, conversely, usually have resources but don't really know what to spend them on, whom to give these to.
So they give the resources to banks, which in turn themselves are for-profit entities, and this creates a positive feedback loop.
Interestingly, the old people, I believe, don't really need maximum profit… but their money are invested exclusively in such things…
I'd say the problem is the young people who only want to get rich fast, and have a means for that. And the middle-persons, who connect those who have the money and those who need them (banks).
If I had to give a definite answer, I'd say the problem is the lack of education (esp. financial) among the *old* people, not young. But sure this isn't constructive for obvious reasons…
So, again, I don't really know what is the proper solution to this problem. Besides e.g. violence.
Violence means to smash everything into pieces, distribute the minuscule survived resources somewhat evenly (not really, of course), and hope that the new system that will emerge from the chaos will be radically better.
This is technically possible, that this is the only solution, but it seems like only a choice between one catastrophe or the other…
When I was in middle/primary school, we were often told about how the factories and consumption are polluting the environment, and wondered "why are you telling us all of this? what can we, kids, do about it anyways? isn't it better to reach the factories' owners and tell all this to them?". One thing we did not understand then is that the teachers and those, whose views they represented, did approach the owners and politicians, and we were their last resort…
It was in the late 90's, by the way…
@chest_i_razym Ha öyle, hepsi aynı. Senden de hiçbirşey kaçmıyor ulan. Efsanesin be, efsane! Hadi öptüm, bay-bay sana.
@polychrome All right :) Making slower progress this morning than I’d like but you have those days sometimes.
The social network of the future: No ads, no corporate surveillance, ethical design, and decentralization! Own your data with Mastodon!