Dear
RWNJ
I think the common principles that the sides agree on is called free enterprise,
free market and fair trade. There's nothing wrong with profit,
and not depending on govt to micromanage distribution of wealth.
But the problem is when "capitalism" gets abused to lobby for policies
"solely in the name of profit" where revenues are argued as a compelling govt interest
AT THE EXPENSE of the cost to HEALTH the people and the planet,
then THAT leaves a whole lot of COST OUT OF THE EQUATION.
The corporate entities in charge of profit and bottom line
AREN'T held responsible for longterm costs of cancer or pollution
so that ISN'T included in their calculations on how to run their business.
Paying poor laborers less than livable wage, where places like Wal Mart
actually have their workers on Govt welfare at taxpayers expense
ISN'T INCLUDED in the company's calculations because someone else is paying that cost.
So something ends up missing if you go with pure capitalism
if the "numbers are skewed" to leave out costs, such as exposing workers
to unhealthy emissions that will cost them greater medical costs, outside the P&L
the company is responsible for.
The Greens who mentor farmers to manage their own coops
focus on Cooperative Economics and Fair Trade
instead of Unfair Trade practices that are REWARDED in capitalism.
Corporate raiders that do hostile takeovers of companies FOR PROFIT
end up gutting company assets including seizing worker's pensions.
This is legal and rewarded under CAPITALISM but if it costs workers their jobs
and pensions, who is going to pay that cost of their losses and recovery?
It isn't in the equation for the corporate profiteers,
and that's why the raiders make money undercutting companies this way.
Cooperative models of economy and fair trade take into account
the sustainability of the people and communities involved. It's about
investing in those relations, not undercutting them for capitalistic profit.
Do you see the difference
RWNJ
You can make capitalistic profit off porn, but how is that helping
the people being exploited?
Instead of illegal trafficking, it's better for the community to invest in
building schools and clinics to overcome poverty. But if there's
less profit in that, then their is in exploiting a village for their oil
and mineral interests, then capitalism is going to say go for the
bigger profits, especially short term to get the FASTER RETURN
and don't get involved in things that require LONG TERM costs and conditions.
The cooperative model is going to focus on building sustainable
community and business relationships, but this takes time.
It doesn't turn a fast profit like the capitalists will focus on.
So that's the bad side of capitalism, and that's why more people
advocate for Conscious capitalism or Creative capitalism
that takes human factors and sustainable living conditions into account
as PART of the equation, instead of only maximizing the
biggest profit in the shortest amount of time to keep more cash flow.