I have this weird question which is like - is capitalism dead?
Certainly the left would argue it is, but it feels like more and more people on the right are arguing something along the lines of - the kind of capital investments necessary for the next stage of development, basically require central coordination. To compete with China, you can’t be subject to the whims of the market.
The way there is consolidation in the stock market, and businesses get bigger and more vertically integrated, it feels more and more like there’s not enough creative destruction / new businesses / competition.
It never was. Whatever your "ism", simply training ourselves to downplay greed and envy works.
As a techie bookworm, I figured out early that envy would drive me insane, and that greed would lead me to do unworthy things with my life. I managed to lead a somewhat normal and happy life as a proud Dad, now divorced. (talk about normal)
All isms are spoiled by negative human traits. Capitalism claims to benefit all by tapping them, but I don't see many happy people.
The only "isms" that I see working are gratitude-ism and just-enough-ism. And one that's about 2500 years old.
"It is difficult to get a man to understand something, when his salary depends on his not understanding it."
- Upton Sinclair
What fixes this? Wages going up, taxes going up, benefits for the wealthy going down; is Thiel going to argue for this? Unlikely. When you're wealthy, all that is left is to chase status and attention. They are not attempting to solve these problems, based on evidence and observations.
(contrast to good people like Melinda French Gates and MacKenzie Scott, quietly performing philanthropy with tens of billions of dollars while their ex partners keep chasing clout and status)
A lot of young people have been saying this for a really long time and no one has listened.
I have this weird question which is like - is capitalism dead?
Certainly the left would argue it is, but it feels like more and more people on the right are arguing something along the lines of - the kind of capital investments necessary for the next stage of development, basically require central coordination. To compete with China, you can’t be subject to the whims of the market.
The way there is consolidation in the stock market, and businesses get bigger and more vertically integrated, it feels more and more like there’s not enough creative destruction / new businesses / competition.
It never was. Whatever your "ism", simply training ourselves to downplay greed and envy works.
As a techie bookworm, I figured out early that envy would drive me insane, and that greed would lead me to do unworthy things with my life. I managed to lead a somewhat normal and happy life as a proud Dad, now divorced. (talk about normal)
All isms are spoiled by negative human traits. Capitalism claims to benefit all by tapping them, but I don't see many happy people.
The only "isms" that I see working are gratitude-ism and just-enough-ism. And one that's about 2500 years old.
I just saw Peter Thiel on TV...
https://www.youtube.com/watch?v=HgfHt52vys8&t=74s
> In a now-viral 2020 email, the Silicon Valley billionaire predicted the rise of socialism. Today he tells The Free Press how he knew.
bro we are being factory farmed
what kind of ivy tower in a bubble under a rock do you have to live in to not see that?
Dude scrolled Twitter one time for like 15 minutes and discovered what everyone else already knows, so he's some sort of Nostradamus?
"It is difficult to get a man to understand something, when his salary depends on his not understanding it."
- Upton Sinclair
What fixes this? Wages going up, taxes going up, benefits for the wealthy going down; is Thiel going to argue for this? Unlikely. When you're wealthy, all that is left is to chase status and attention. They are not attempting to solve these problems, based on evidence and observations.
How the US is destroying young people’s future - Scott Galloway - https://www.ted.com/talks/scott_galloway_how_the_us_is_destr...
(contrast to good people like Melinda French Gates and MacKenzie Scott, quietly performing philanthropy with tens of billions of dollars while their ex partners keep chasing clout and status)