ALFeb 24, 2023

@rik I think the core idea of capitalism works but it requires:
1)an #educatedConsumer to pick the best options.
2) many #producers creating options.
3) full true cost pricing

#Capitalism breaks down because we have not handled the edge cases. Concentration of wealth is a failure, uneducated consumers is a failure, either through bad labeling or bad education.

Show threadRDFeb 24, 2023

@mral @rik

Al, to your mind, what is the "core idea" of #capitalism ?

"Concentration of wealth is a failure"?
Not to the capitalists, it is working quite well for them.

Show threadRik  ðŸ‡µðŸ‡¸ Feb 24, 2023
@RD4Anarchy @mral What I mean is that under capitalism a company that puts planet before profit will always fail. Only financial profit is rewarded.
Show threadAL
@rik @RD4Anarchy agreeded, That is where full cost accounting would help.
also there is an attempt at addressing that here in the #colonies with #Bcorps instead of #Ccorp in the tax code but we dont hear much about it.
Feb 24, 2023 at 4:34pmWeb