Ethical Capitalism
ethicap.org
Ethical Capitalism
1–10 of 16 posts
Re: Ethical Capitalism
#2> The individual pursuit of wealth is not increasing common well-being anymore.
That’s how it’s always been and that’s how we got to where we are today. Because person A wants to make millions or billions of dollars for himself, he creates a company and a product that improves life or solves a problem for people in a community of his choosing, be it everyone or parents or mothers or children, or anything like that. This is how we got to where we are today and that hasn’t changed, the only thing that’s changed is the government influenced trying to control and micromanage the entire system.
> Compounded by rising inequalities
Yeah sure, the rich get richer for sure, the poor do too. The rich get richer faster as well, but why does that matter as long as everyone else is also getting richer and better living conditions and qualities? This is flawed because it works under the assumption that our economy is a zero sum system when it certainly is not, as while money cannot be created from nothing, wealth absolutely can be. When Apple was evaluated to be 2 trillion dollars, they didn’t steal that money from other companies or people, that wealth was created by them, their investors, and the people who bought their products
Re: Ethical Capitalism
#3so is every person supposed to vote on every transaction?
if not we're back to the corrupt agent problem.
and you still run into to problems with people horse trading. I'll look the other way on xyz if you look the other way on my thing.
Re: Ethical Capitalism
#4"Governments have repeatedly proven themselves unable to react efficiently to contemporary problems"
I really hate when people blame the government for things. We are the government. If you don't like the asshole that represents you work to get rid of them.
People need to start holding politicians to be less corrupt. for instance, terms limits well stop voting the person back into office.
Re: Ethical Capitalism
#5so is every person supposed to vote on every transaction? if not we're back to the corrupt agent problem. and you still run into to problems with people horse trading. I'll look the other way on xyz if you look the other way on my thing.
That is the end goal. As an intermediary step though, people vote the company as a whole.
In Ethical Capitalism, corruption problems are much less, because it is much harder to corrupt 10 million people instead of 10 politicians.
Re: Ethical Capitalism
#6"Governments have repeatedly proven themselves unable to react efficiently to contemporary problems" I really hate when people blame the government for things. We are the government. If you don't like the asshole that represents you work to get rid of them. People need to start holding politicians to be less corrupt. for instance, terms limits well stop voting the person back into office.
Agreed we need to take things into our own hands and feel responsible. I do not believe the solution is to vote for slightly different people. The problem is that a central authority is always doomed to fail. The world is too complex now. We need to decentralize decisions, and vote in a much more granular fashion.
Re: Ethical Capitalism
#7> The individual pursuit of wealth is not increasing common well-being anymore. That’s how it’s always been and that’s how we got to where we are today. Because person A wants to make millions or billions of dollars for himself, he creates a company and a product that improves life or solves a problem for people in a community of his choosing, be it everyone or parents or mothers or children, or anything like that. T…
In the first phase of Capitalism, it has lifted millions of people out of poverty. But we are reaching its limits now.
Inequality is a problem, but this problem is transcended when there is a correlation between individual wealth and common well-being, like Ethical Capitalism proposes.
Re: Ethical Capitalism
#8> "Our ruling elites have ignored the issue for decades. Not because they did not care, but because they had no idea how to solve it."
Being elites, they did not care, because they had no idea how to solve it, and remain elites.
Capitalism is not bad -per se-, as socialism, public, or private, etc, but how we put this in pratice, and balance pros with cons, and adapt to changing situations. Actually economy and finance have fixed rules disconnected from reality, builded by those elites called maybe to upgrade them, (?) A nightmare. Something is missing, and an ethical updating of the capitalism only, seems not enough.
Re: Ethical Capitalism
#9> Our ruling elites have ignored the issue for decades. Not because they did not care, but because they had no idea how to solve it.
Mostly, it is because they don’t care—it is a problem for other people, not them, except to the extent that those other people get upset and destabilize the system that enriches the elites.
Secondarily, because they understand how to solve it, but it is contrary to their own interests. I mean, to the extent it can be solved with only fairly minor impairment of their own interests, they’ve been dragged into going along with it (that’s how the modern mixed economy has replaced gilded age capitalism throughout pretty much the whole of the industrialized world), but that tooks decades of activism, violence, and economic collapse to drag them into despite the fact that it leaves the bulk of the power of their position intact.
Re: Ethical Capitalism
#10> The individual pursuit of wealth is not increasing common well-being anymore. That’s how it’s always been and that’s how we got to where we are today. Because person A wants to make millions or billions of dollars for himself, he creates a company and a product that improves life or solves a problem for people in a community of his choosing, be it everyone or parents or mothers or children, or anything like that. T…
>>The individual pursuit of wealth is not increasing common well-being anymore.
>That’s how it’s always been and that’s how we got to where we are today
We are stuck in a planetary size inequality, damaging all, event the rich.
>When Apple was evaluated to be 2 trillion dollars, they didn’t steal that money from other companies or people, that wealth was created by them, their investors, and the people who bought their products
True, assured the have payed all the required taxes. And big-company actually pay (much) less than average citizen. Missing a true progressive taxation, we distort all economy and wellfare, and end with inequality like no more in recent history.