by Summary:
For decades, most of the major economies have relied on a form of capitalism that delivered considerable benefits. But systems do not work in isolation. Eventually, reality asserts itself: global trade tensions reemerge, populist nationalists win power, and natural disasters grow in frequency and intensity. "Capitalism" is the politico-economic system that favors capital (real and financial assets) over labor (workers) and land (environment, ecology) because it is assumed that growth is of the highest priority, higher than welfare, and growth is a function of increasing capital formation and capital accumulation. Go figure from there what the eventual consequences likely will be as the environment fester, ecological collapse threatens, and many workers find their compensation tending
Topics:
Mike Norman considers the following as important: capitalism
This could be interesting, too:
For decades, most of the major economies have relied on a form of capitalism that delivered considerable benefits. But systems do not work in isolation. Eventually, reality asserts itself: global trade tensions reemerge, populist nationalists win power, and natural disasters grow in frequency and intensity. "Capitalism" is the politico-economic system that favors capital (real and financial assets) over labor (workers) and land (environment, ecology) because it is assumed that growth is of the highest priority, higher than welfare, and growth is a function of increasing capital formation and capital accumulation. Go figure from there what the eventual consequences likely will be as the environment fester, ecological collapse threatens, and many workers find their compensation tending
Topics:
Mike Norman considers the following as important: capitalism
This could be interesting, too:
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For decades, most of the major economies have relied on a form of capitalism that delivered considerable benefits. But systems do not work in isolation. Eventually, reality asserts itself: global trade tensions reemerge, populist nationalists win power, and natural disasters grow in frequency and intensity."Capitalism" is the politico-economic system that favors capital (real and financial assets) over labor (workers) and land (environment, ecology) because it is assumed that growth is of the highest priority, higher than welfare, and growth is a function of increasing capital formation and capital accumulation. Go figure from there what the eventual consequences likely will be as the environment fester, ecological collapse threatens, and many workers find their compensation tending toward the subsistence level.
Project Syndicate
The World Is Running Out of Time
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