Back in my younger days I was accused of hating capitalism because I was always writing about the inequalities within the system……not that I hate capitalism the institution but rather hated what it had become…..the very essence of inequality.
My thought was that capitalism could be regulated to the point that everyone was a winner…..the business owners could make their divine profits and the workers could make a living that would make them proud to go to work…..
Below is an interesting interview with the CEO of Whole Foods and his thoughts on capitalism……
Whole Foods CEO John Mackey on entrepreneurship, snobbery, and the minimum wage
Source: Why Intellectuals Hate Capitalism – Reason.com
Any comments about the interview or any insight into capitalism?
I think that part of the problem is that very often people use capitalism and greed as synonyms (I blame Gordon Gecko). Of course, they are not. Capitalism can be practiced in a manner that is not greedy and ethical. It is when you get psychopaths who have no ethics running businesses, it gives the whole system a bad name.
Agreed….properly controlled capitalism can be a positive thing…..