Communism failed and capitalism is failing. Most people regard these two systems as polar opposites when in fact they are two sides of the same coin. Both are materialistic, reductionist, require a thriving arms industry and both are corrupt. Capitalism is simply marginally more efficient at human organisation than communism. The logic of capitalism is:
1. Maximise profit at the expense of everything else.
2. Keep that profit in as few hands as possible.
3. Pass on the negative externalities to some other (weaker) individual or group(s).
Economists consistently underestimate or trivialise the negative externalities of capitalism or explain them away as aberrations, when in fact they are at the heart of the failure of capitalism.
1. Maximise profit at the expense of everything else.
2. Keep that profit in as few hands as possible.
3. Pass on the negative externalities to some other (weaker) individual or group(s).
Economists consistently underestimate or trivialise the negative externalities of capitalism or explain them away as aberrations, when in fact they are at the heart of the failure of capitalism.
