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In reply to the discussion: Should capitalism exist for the benefit of the individual or the benefit of the people? [View all]raouldukelives
(5,178 posts)23. I think it should exist for the benefit of the individual.
But the most meticulous and greatest degree of care should be given to make sure no other individuals or ecosystems are harmed by the actions of that individual. Free and fair capitalism with zero speculative growth or derivative banking needed. If you can grow it, fix it, heal it, build it, sew it, drill it, raise it or cook it do it with minimal risk to your fellow man and with the ever present thought of how your actions might affect seven generations from now.
We know climate change isn't a game and yet we are all still holding the cards and waiting for the next hit. If we don't get a new deck soon it'll be too late to worry about any of this garbage a few generations out, let alone seven.
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Should capitalism exist for the benefit of the individual or the benefit of the people? [View all]
kentuck
May 2012
OP
The existence of class society doesn't mean that socialism didn't also exist.
HiPointDem
May 2012
#57
I'm talking about financial risk, i.e. the risk of losing all or part of your investment.
badtoworse
May 2012
#19
Not really. Many investment risks can be studied, understood and possibly hedged
badtoworse
May 2012
#24
corporations existed. a lot of america was originally "settled" by corporations.
HiPointDem
May 2012
#51
Yes, and I don't know what the answer is -- I suspect that investment in the chartered companies
HiPointDem
May 2012
#62
Considering that the Buttonwood Agreement that formed the NY Stock exchange occurred
HiPointDem
May 2012
#66
I've heard that too, but I haven't studied it so deeply, though I've tried to at various times.
HiPointDem
May 2012
#72
Maybe we will see how wonderful all the utopian ideas are when Greece collapses and they can set up
dkf
May 2012
#17
switzerland can have "no poverty" because it profits from poverty outside its borders. it's not
HiPointDem
May 2012
#54
The whole premise of the "safety net" is that some will fail and need charity. That premise is
HiPointDem
May 2012
#55
ah, the old resort to human nature. yet humans do lots of things that aren't organized
HiPointDem
May 2012
#67
Our problem in this area is a matter of tradition, ideas, and our aversion to change.
Egalitarian Thug
May 2012
#80