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'Capitalism has to become more humane': a Stanford economist on big tech

theguardian.com

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Re: 'Capitalism has to become more humane': a Stanford economist on big tech

#13
post #7
post #6

"Capitalism" can't become more humane, by its nature. Money is a great technology for coordinating people and work, but capitalism (being the system in which the capital class is allowed to allocate resources without oversight, and to reap the vast majority of the rewards of everyone's labor and invention) systematically optimizes away anything that is not monetizable. And humanity is neither monetizable nor optimiza…

I think social democracy is, by its nature, trying to be a humane system while allowing a form of capitalism. The Nordics may not be a perfect example of social democracy, but a useful one. Looking closer to home, the progressive era in the US was all about making society more humane while still allowing capitalism. In the sense of capitalism of these examples, I definitely think it can be humane. For a more recent e…

yes that's why it's inhumane and relies on unequal exchange/exploitation of the global south while still backsliding on domestic welfare appeasement policies

Re: 'Capitalism has to become more humane': a Stanford economist on big tech

#15
There is no oil left in the engine. “Slap a smiley face on the dashboard.” Many such cases.

There will never be a just-a-little-exploitation capitalism coming from the bougies or their academic henchmen. They have to chase profit, that’s the game. A just-a-little-exploitation capitalism can only come from the working class fighting back. Then when that happens the bougies try to win their fair-share back and again and so we go back and forth, but only a few times not that many because of ecological breakdown.

Re: 'Capitalism has to become more humane': a Stanford economist on big tech

#18
post #3

The problem is that, apparently, abusing people wholesale is profitable.

Drug dealing is profitable. Chattel slavery was exceptionally profitable. To allow profitability to be our measure of permissibility is to sacrifice civil society at the altar of enterprising tyrants. Economics should never be a substitute for ethics.

Did the Union have economic use for chattel slavery or “wage slavery” as some called it around that time?

I’ve never heard of mainstream economics serving people. Maybe Keynesianism did?

Re: 'Capitalism has to become more humane': a Stanford economist on big tech

#20
post #7

Earlier quoted context omitted.

I think social democracy is, by its nature, trying to be a humane system while allowing a form of capitalism. The Nordics may not be a perfect example of social democracy, but a useful one. Looking closer to home, the progressive era in the US was all about making society more humane while still allowing capitalism. In the sense of capitalism of these examples, I definitely think it can be humane. For a more recent e…

yes that's why it's inhumane and relies on unequal exchange/exploitation of the global south while still backsliding on domestic welfare appeasement policies

Global south is not exploited inhumanely. This ideology called "thirdworldism" or "decolonialism" is becoming popular but it ultimately fails on any scrutiny.

The west has not got rich at the expense of the global south. Both have gone up .

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