‘Left alone, capitalism devolves into corruption, bribery & predatory pricing monopolies—capitalism pollutes rivers, damages our health & creates ever greater divides. Capitalism gets us an opioid epidemic, dark patterns of social media & doom scrolling.’
The problem: how can we get people what they want and need?
It turns out that the simple short-term answer is the market.
The marketplace makes it possible to buy a nail clipper made of hardened steel for just four dollars, but only when you’re ready. The marketplace offers some people a solid brass set of the cups and balls magic trick and other people a hand-blown glass vase.
The marketplace is hyper-alert and never tires of finding overlooked corners of desire.
But the marketplace is not wise.
It’s blind, short-term and fairly stupid. Because it has no overarching goal. The market is nothing but billions of selfish people, trading this for that, without regard for what’s next.
Left alone, capitalism will devolve into corruption, bribery and predatory pricing leading to monopoly. Left alone, capitalism will pollute rivers, damage our health and create ever greater divides.
Capitalism gets us an opioid epidemic, the dark patterns of social media and doom scrolling.
Because the market isn’t wise. It has no sense of time or proportion.
The only way for the simple answer to solve our complicated problems is for it to have guardrails, boundaries that enable it to function for the long haul.
That’s something we need leadership to get done. And it’s more likely to get done if we acknowledge that we need to do it.
With the current administration depleting and weakening the U.S. postal service in front a national election complicated by a deadly global pandemic, comedian Bill Maher makes a serious suggestion. Get what we need and want now via Amazon, etc., and then stop. Ease the process for postal workers to receive absentee ballots so they can meet deadlines and tallies by election day.
“Democracy isn’t a spectator sport, and if DT is going to try to scuttle the Post Office, we need to fight back. It is in our power to give less mail to process. Let this be our October surprise.”
“Of course, it’s impossible to say exactly why Somerset-Fields found a way to climb out of poverty when forty percent of her peers in Dayton have not. But when I ask her what she thinks, she immediately points to one relationship in her life, with a teacher she met in a GED class when she was 16…”