Human nature. I don’t think it’s the worst economic system, but if you measure everything in dollars, and say that a business venture’s only task is to make value measured in dollars, I don’t see how it can avoid exploitation.
As an accountant I want to say it might work if businesses were required to pay all the costs they currently externalize and hand to society and the future (so pollution or underpaying employees would be more expensive than being clean and paying more of the $ to the workers) but I’m not completely convinced.
As it stands now, companies become profitable because they aren’t paying what it costs to produce their stuff. It seems baked into the system.
I want to respond but would ask if you would humor me in my line of questioning. If not, no worries.
Why should we assume that without the influence of nepotism that capitalism will continue on the same path of corporate greed?
Human nature. I don’t think it’s the worst economic system, but if you measure everything in dollars, and say that a business venture’s only task is to make value measured in dollars, I don’t see how it can avoid exploitation.
As an accountant I want to say it might work if businesses were required to pay all the costs they currently externalize and hand to society and the future (so pollution or underpaying employees would be more expensive than being clean and paying more of the $ to the workers) but I’m not completely convinced.
As it stands now, companies become profitable because they aren’t paying what it costs to produce their stuff. It seems baked into the system.