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Difference between revisions of "The Square Root of Capitalism"
The Square Root of Capitalism (view source)
Revision as of 18:23, 17 June 2020
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Is there a way of looking at capitalism in a similar way? Is there an undiscovered dimension that we're missing that could help us to reframe our current economic theories and see a larger solution space? | Is there a way of looking at capitalism in a similar way? Is there an undiscovered dimension that we're missing that could help us to reframe our current economic theories and see a larger solution space? | ||
In order to get useful answers to problems, we need first to ask the right questions (credit to Douglas Adams in The Hitchikers Guide to the Galaxy). | In order to get useful answers to problems, we need first to ask the right questions (credit to Douglas Adams in The Hitchikers Guide to the Galaxy). Appropriate questions likely useful in this regard are: | ||
1. Why do wealthy entities always give a sizeable proportion of their profits to non-profit organizations (a good thing), in line with advices given in some ancient scriptures, even though this is not required by law? (credit for this question goes to uMfundisi Bongani of the B.S.C.). | 1. Why do wealthy entities always give a sizeable proportion of their profits to non-profit organizations (a good thing), in line with advices given in some ancient scriptures, even though this is not required by law? (credit for this question goes to uMfundisi Bongani of the B.S.C.). | ||
2. Why is such a huge proportion of the financial industry profit-driven and reliant on interest rates for the purpose of creating yet more money? (credit to ColdFusion on YouTube for the second question) | 2. Why is such a huge proportion of the financial industry profit-driven and reliant on interest rates for the purpose of creating yet more money? (credit to ColdFusion on YouTube for the second question) | ||
Instead of charging interest, perhaps we need to shift our focus towards the general good for the public (i.e. stabilizing the economy) and endeavour upon this goal in a gradual yet decisive and responsible fashion (credit to Adv. A. Botha for the latter concept). | Instead of charging interest, perhaps we need to shift our focus towards the general good for the public (i.e. stabilizing the economy) and endeavour upon this goal in a gradual yet decisive and responsible fashion (credit to Adv. A. Botha for the latter concept). | ||