@FantasticalEconomics @rauder @turtle_green so what you're saying is that it's better to change from lead ammunition in the machine gun to lead-free ammunition than to just stop shouting your friends, family and neighbourhood with it?
#Capitalism is what's doing the damage. Tinkering with isn't going to stop it doing the damage; destroying the planet is intrinsic to its operation. We need to stop using it.
@simon_brooke @FantasticalEconomics @turtle_green
Simon, want to point out that it is something more basic that is destroying the planet than “capitalism.”
The Soviet Union, aka communists, were terrible for the environment. China has done & is doing terrible things to the environment.
They got rid of capitalism & still mess up the planet. So I think it makes sense to focus on solving other problems than getting distracted by simply attacking #capitalism & hoping everything will be green.
@rauder @simon_brooke @FantasticalEconomics @turtle_green Correct!
It's perfectly possible for people to do massive environmental damage under just about any economic system. Greed is perfectly possible with capitalism...and communism, and socialism, etc. It's perfectly possible for people under ANY of these to do environmental damage for their own enrichment. Capitalism doesn't demand it, or "perpetual growth", any more than any others do, despite common (and loud) claims to the contrary.
@simon_brooke @rauder @FantasticalEconomics @turtle_green
"greed isn't actually possible with #communism"
I'll have to add that to the collection.
"But yes, you CAN wreck the environment under any economic system, that's true. However, #capitalism requires it, which is unusual."
No, it's just false. Capitalism requires no such thing.
Of course private-property capitalism requires eternal growth
Private accumulation requires financial institutions, borrowing and lending to mobilize the accumulated resources
Lending requires interest as the price of borrowing
Interest requires eternal growth
This is mathematically unavoidable unless interest rates converge to zero, which is a ridiculous idea
@simon_brooke @rauder @FantasticalEconomics @turtle_green @AdrianRiskin @HeavenlyPossum @RD4Anarchy
@magitweeter @simon_brooke @rauder @FantasticalEconomics @turtle_green @AdrianRiskin @HeavenlyPossum @RD4Anarchy There are too many flasehoods here to address in one comment. Let's take the first "Private accumulation requires financial institutions, borrowing and lending to mobilize the accumulated resources"
Nope. I can get paid in cash and save it, if I so choose. Now, are banks beneficial? Yes, to most; that doesn't mean they're required.
@AlexanderKingsbury @magitweeter @simon_brooke @rauder @FantasticalEconomics @turtle_green @AdrianRiskin @HeavenlyPossum
>>Nope. I can get paid in cash and save it, if I so choose. Now, are banks beneficial? Yes, to most; that doesn't mean they're required.<<
lol, yeah capitalism is stashing your cash in a mattress 🙄
@RD4Anarchy @FantasticalEconomics @AlexanderKingsbury @magitweeter @rauder @AdrianRiskin @simon_brooke @turtle_green
Ah yes, the classic “deferred consumption” myth of capitalist savings and investment.
Simon Brooke
M.rauder
AKingsbury
Fabio G.
RD
HeavenlyPossum