I never took Econ in college, which qualifies me to think freely. Haha! This is like when climate deniers start with, “I’m no scientist, but . . .” (Ignorance is no excuse, but it’s also bliss.) That’s not to say I haven’t read widely since: Ecology of Commerce, Natural Capitalism, Sacred Economics, Small is Beautiful, Deep Economy, Plan B, The Real Wealth of Nations, and The Truth About Green Business. To name a few.
It struck me recently that Capitalism is a crap system. It’s a lie. It’s a wonder that a system relying on cooked books and slave labor has survived this long. I guess it’s a testament to greed and stubbornness or the lure of power and willful ignorance.
Capitalism doesn’t account for its true costs. It does not factor in the costs of environmental despoliation and degradation. It does not account for the true costs of waste. That a capitalist system has waste at all is a gaping design flaw unworthy of us as the self-appointed cleverest species.
By far worst of all, it does not count the true cost of labor. Not from its earliest beginnings, in the heyday of growth and brutal slave labor, not the offshoring era to black and brown people in the global south. Not here, now, with the refusal to pay workers a living wage and the obscene (and still growing) wealth gap. Not with union-busting and exploitative practices, like keeping a workforce just under the eligibility line for benefits like pensions and health insurance. And bathroom breaks (looking at you, Amazon).Continue reading