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In reply to the discussion: The Probelm With Capitalism [View all]ymetca
(1,182 posts)14. I've always thought
that the fatal flaw of Capitalism is that it is based on an unscientific premise of "profit", or the difference between what something "costs" (a dubious value in itself) and what "added value" enables such "profit". Marx saw this as a class problem, but it's more fundamentally flawed that that.
There is no such thing as "profit" in Nature. So the ideology of profit is inherently inefficient, in terms of --what? "lessening entropic effect"? I think this is where, whenever we start talking about "The Economy," everything goes off the rails. There is not enough money on planet Earth to "solve" all these problems, because the ideology of "profit" prevents any meaningful action to adequately address our global resources dilemma.
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I would say that how well an owner accurately makes that sort of assessment determines whether their
Hugh_Lebowski
Jun 2021
#1
Big Corps with stocks are hogtied to making a profit for the stockholders and taking from the...
Brainfodder
Jun 2021
#3
The real problem with (under-regulated) capitalism is inevitable concentration of wealth
Mysterian
Jun 2021
#9
Capitalism can only work if it is tightly regulated to protect labor, consumers and the environment
ShazamIam
Jun 2021
#17
So exploiting others is natural. I disagree when the evidence shows that we advance when we
ShazamIam
Jun 2021
#23