Slowly getting there. One of my favourite sayings is this: Transporting is too cheap.If you stop for a moment and think about why it is worth transporting goods all over the globe instead of producing them locally, you can see the point David is making here. Instead of investing in technological advances, it was cheaper to produce goods using underpaid labour and ship them across the world. There is no greater disincentive than the opinions of a group of ultra-rich individuals who control the means of production. #ReadWithMe
Now David talks about Toffler, who “assumed capitalism was eternal” Interestingly that also a recurring theme of a alot of western thinkers. They somehow seeing capitalism as an ultimate form of evolution. Like forgetting there was a different trading system existed before and certainly will be after it. Again for the people in the back: Capitalism is a trading system not an overall value or life management model. #ReadWithMe
@Azzura I think about this often. Capitalism is the religion of the modern age, with so many unexamined assumptions held as fact. Economics somehow thinks it is a science like physics, and that surrendering to its supremacy is the only option for a rational mind.
@jenmarin If capitalism is good at one thing, it is convincing people that it is the one true way. This capacity alone makes it particularly dangerous.