mellowtigger: (economy)
mellowtigger ([personal profile] mellowtigger) wrote2023-04-17 12:03 pm

Moody Monday: capitalism again

I still want to write a think piece about capitalism. That word, capitalism, was never used by Adam Smith. It seems it was defined by Karl Marx (yes, that one) in Das Kapital, which I really need to read before launching into a proper investigation of the concept. Apparently he detailed its uses and pitfalls.

These days, though, the pitfalls abound. The idea is very much on my mind. Here for Moody Monday is just a short collection of the things that we are doing to ourselves (they don't passively happen to us) in the USA because of unregulated capitalism and profit-at-all-costs psychology.

By far the best thinking material, though, is this 95-minute YouTube video on Chokepoint Capitalism. I already knew some of the bad stuff that was happening, but this discussion opened my eyes to a lot more. That video explains that we need to have alternatives ready to offer. The Real-World Economics Review is a good place to learn what actual economists think on this topic.

We can imagine better. We deserve better. Failure would be unbearable.


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