Jason Hickel — Is the world poor, or unjust?

Summary:
“Our economic system is not designed to meet human needs; it is designed to facilitate capital accumulation.”No surprise, since capitalism is an economic system —socioeconomic system, actually — that favors capital (ownership) over labor (workers) and land (the environment) because capital formation and accumulation lead to growth and therefore lift all boats through trickledown. Neither distribution nor social concerns are material to capitalism. It is only about accumulation on the assumption that capital accumulation optimizes life by raising the living standard most efficiently in allocating scarce resources.But is this the only criterion, or the best criterion available? That is to say, is economics the final arbiter as some claim.Jason HickelIs the world poor, or unjust?

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Jodi Beggs writes Economists Do It With Models 1970-01-01 00:00:00

Mike Norman writes 24 per cent annual interest on time deposits: St Petersburg Travel Notes, installment three — Gilbert Doctorow

Lars Pålsson Syll writes Daniel Waldenströms rappakalja om ojämlikheten

Merijn T. Knibbe writes ´Fryslan boppe´. An in-depth inspirational analysis of work rewarded with the 2024 Riksbank prize in economic sciences.