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RE: ADSactly Education - On Capitalism
Really, really good comment. Thank you for it.
I know I asked way more questions than I provided answers. I fear that the inherent greed in the system might alter it significantly. The part I'm really worried about is the capital raised with out a product. Pure money manipulation and speculation. They provide no tangible product, and if a market really goes upside down (Housing in the US 7 years ago) the drain on the capitalized product is stupefying. It is where governance comes into play, and the reaction to it. It is really hard for me to perceive a solid answer to.
Thanks for a marvelous and thoughtful comment. I appreciate it!
Thank you for the compliment! Yes, that's also a worrisome part of capitalism - a lot of creative energy is being poured into manipulation of currency, and people get massively rewarded for it, even though there's no useful good or service provided by them... Maybe if it was somehow connected to say a universal basic income program, where people's cunning can reward themselves and the wider public, but I don't know how the math pans out on that and I imagine the type of person who pursues this kind of living wouldn't be interested