I read an interesting piece in The Elysian. In it Griffin posits that modern capitalism is better poised to solve our inequality because governments are broken. What she missed was that governments are broken because they are run by the corporations. Amazon alone has spent over $5,000,000 six months into 2023 on lobbying and buying elected officials. Since Regan was elected, America has seen massive deregulation and reduced tax rates and increased tax loopholes for corporations. Corporations have outsized power in America because they have no check, no one to keep them in balance. So, Griffin and Davis Smith are right that we have to hope for their altruism. But that’s insane. (One definition of insane is: extreme foolishness or irrationality.)
Conscious Capitalism Is not THE Solution
Conscious Capitalism Is not THE Solution
Conscious Capitalism Is not THE Solution
I read an interesting piece in The Elysian. In it Griffin posits that modern capitalism is better poised to solve our inequality because governments are broken. What she missed was that governments are broken because they are run by the corporations. Amazon alone has spent over $5,000,000 six months into 2023 on lobbying and buying elected officials. Since Regan was elected, America has seen massive deregulation and reduced tax rates and increased tax loopholes for corporations. Corporations have outsized power in America because they have no check, no one to keep them in balance. So, Griffin and Davis Smith are right that we have to hope for their altruism. But that’s insane. (One definition of insane is: extreme foolishness or irrationality.)