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Michael Sattler's avatar

Very well said. I've been thinking along these same lines. IMO, two+ centuries of capitalism have proven its ability to generate wealth for society more broadly than any other system in history. By far. But are the excesses of wealth inequality, environmental degradation, and human exploitation inseparable from the practice? Or are they abuses that can be curtailed or minimized? If the former, we either have to either sacrifice our humanity (by accepting the cost) or our wealth (by throwing the system out for a less successful alternative).

If the latter (and fairness/empathy being the human emotion most likely to be our success-measuring yardstick), it becomes a logistical question. Maybe the trust-busting Teddy Roosevelt was on the right track a century ago: "There is a widespread conviction in the minds of the American people that the great corporations ... are in certain of their features and tendencies hurtful to the general welfare ... [this] is based upon sincere conviction that combination and concentration should be, not prohibited, but supervised and within reasonable limits controlled; and in my judgment this conviction is right.

"It should be as much the aim of those who seek for social betterment to rid the business world of crimes of cunning as to rid the entire body politic of crimes of violence.”

It would certainly help if our elected leaders weren't beholden to or actively benefiting from those 'criminals of cunning'...

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Herb Stephens's avatar

“Tech is neither inherently good not evil.” Is “not” a typo? Should be ‘nor’?

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