this post was submitted on 12 Mar 2025
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If it were that simple, then we should just liquidate the billionaires with rifles. They deserve no respect.
Unfortunately, they're just the symptom of systematic issues of capitalist political economy, so without solving that, new billionaires will emerge.
Garys Economics on Youtube talks about this and his proposed solution. He's worth checking out.
That's what government is supposed to be for. To regulate. Capitalism is like a car, or a train. When under control, harnessed, maintained, directed, it is an amazing engine for accomplishing things. When out of control, it's deadly.
Capitalist markets are built off of the idea that people are inherently self serving and the ensuing competition will benefit people with lower prices, better products, etc to meet their own selfish needs. Capitalism uses capital to gain more capital, and is exploitative by design. When a company acts in a way to maximize profits, and appease shareholders, they're doing it selfishly, with total disregard for others or the environment, in a system that rewards their actions. This is quite like psychotic, or sociopathic, behavior.
I just think trying to control this is a losing battle, and what we really need are foundational changes to values, motives, and what gets rewarded and how.
You think they're not?