The major capitalist economies of Europe and North America have been experiencing low rates of economic growth and population increase. Japan has been in that position since the 1990s, and its experience offers some important clues about what the future holds.
  • MotorheadKusanagi@lemmy.worldEnglish
    32·
    1 year ago

    I’ll back you up on this. Both points.

    The thing most people forget about capitalism is that Adam Smith’s invisible hand, eg the consumers, was meant to bend companies towards their will. Smith wrote a whole book on how important morality is too.

    As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce.

    No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.

    The disposition to admire, and almost to worship, the rich and the powerful, and to despise, or, at least, to neglect persons of poor and mean condition is the great and most universal cause of the corruption of our moral sentiments.

    His ideas got wildly corrupted after WW2 by those looking to resist the potential for new hitlers, and they took it WAY too far… It was never meant to become anarchy for corporations, but if you ask a typical boomer, raised in the overpropagandized post WW2 era, that’s what it has become.

    Younger folks dont have to continue that boomer shit. We can go back to the original ideas of a decentralized economic system where consumers bend corporations to their will

    It’s worth looking up who the Jacobins were, btw…

    They cut the heads off the French leaders during the revolution and that lead directly to Napoleon’s rise, and he was a lot worse than what we got with Trump.

    • Poob
      41·
      1 year ago

      There were company stores, child labor, and pinkertons before WW2, I’m not sure where you’re getting the idea that it was all peachy before 1945.