The imperative for tomorrow’s economy to be more prosperous than today’s puts capitalism in a bind that necessitates resource extraction and pollution while also reducing costs or labor, which furthers wealth inequality and the polarization of humanity into producing and consuming classes (See Parts I and II). There are two general solutions to prevent theContinue reading “The Growth Imperative Part III: Solutions”
Capitalism necessitates that tomorrow’s economy is better than today’s; however, the viability of the continued economic expansion is threatened by both environmental and societal degradation. Previously, I discussed how the growth imperative promotes overconsumption that results in unsustainable resource extraction and cumulatively disastrous wastes (See Part I here). The other front that increasingly threatens tomorrow’sContinue reading “The Growth Imperative Part II: Social Problems”
Capitalism is a bubble in the sense that it is based on speculation that tomorrow’s economy will be better than today’s. If Betty Banker invests in Jeremy Jam’s preserve shop and the economy is favorable, they both earn wealth from the initial investment. However, if the economy is stunted and no one can afford toContinue reading “The Growth Imperative Part I: Environmental Problems”
From corporations underpaying employees, evading taxes, and eliminating competition, the resulting society is one where an increasingly monopolised and polarized system benefit the wealthy and provide little opportunity for the not-wealthy to advance.
Neoliberalism, an economic ideology that emerged in the 1980s, favors market liberalization, free trade, and limited government intervention and has come to dominate the global political-economic system even today. However, this hyper-capitalism has been criticized for favoring the wealthy exclusively and exacerbating inequality for the rest. One of the most quintessential case studies in examiningContinue reading “Failure of neoliberalism in Latin America”
In this post, I argue that many philanthropists don’t act altruistically to resolve global issues but rather act to support their own agenda even if it does little to benefit those who are suffering.