What is wrong with capitalism? I blame Limited Liability Corporations . Let’s be clear: Corporations are not human beings. Corporations have no conscience. Corporations are immoral, doing whatever it takes to survive. Capitalism tried to harvest that greed to benefit all mankind. Most would say it's been successful; however, without regulations, Corporations will do anything to improve their profits. They will lie, cheat and steal. Corporations will force their costs on anyone they can, refuse to clean up their messes and kill people if it means they will make more profits. They have no other incentive without regulations. As Limited Liability Corporations the owners have no fear of retribution from the state, except to lose their investment. It’s a perfect storm of corruption. Capitalism is designed to harness this immoral greed and attempt to benefit mankind. And it works surprisingly well. The number of people in abject poverty has fallen absolutely in the last few decades. [ UR
America needs to forgive itself for its original sins of slavery and ghettoization of native Americans. To claim that was a different time and a different set of people is disingenuous. The government aided and abetted these travesties and they need to help alleviate them. So the question is how to do this fairly? Here’s a simple proposal. First we must make some observations: with DNA tracking, we know exactly who your ancestors were. They were either discriminated against or not. And we know the proportions, so we can base the reparations on a standard legal ground. The idea is to take each grouping of families and compare their wealth to the average. We can figure out what the growth rate would need to be to match the wealth of the groups at any time in the future. Pick a time frame to eliminate this systemic racism. Maybe as long as it was in place? About 350 years? So say we plan to be an egalitarian society at that point? That seems ridiculous! How about reversing the last 55 ye