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Capitalism is inherently & by-definition:
• Anti-democratic
• Alienating
• Inequitable & unfair
• Environmentally destructive
• A zero-sum game that rewards the worst & punishes the best of humanity
An economic primer on capitalism #RIPCapitalism 1/12
• Anti-democratic
• Alienating
• Inequitable & unfair
• Environmentally destructive
• A zero-sum game that rewards the worst & punishes the best of humanity
An economic primer on capitalism #RIPCapitalism 1/12
Democracy means those affected by decisions get to have a say in those decisions.
Capitalism, from its top-down workplaces to its market system which exclude all affected by transactions other than the buyer & seller are inherently anti-democratic. 2/12 https://twitter.com/ArashKolahi/status/1217915779745628160
Capitalism, from its top-down workplaces to its market system which exclude all affected by transactions other than the buyer & seller are inherently anti-democratic. 2/12 https://twitter.com/ArashKolahi/status/1217915779745628160
Markets are inherently anti-democratic because they externalize & even *incentivize* the externalization of those affected by transactions from having any say in those decisions, i.e., it incentivizes anti-democracy. #RIPCapitalism 3/12 https://twitter.com/ArashKolahi/status/1222960371171872769
Having a fair say in the decisions that affect our lives is not only democratic, but engaging & participating in the decisions that affect us is a source of fulfillment.
Capitalism robs us of this fulfillment
Capitalism is alienating. #RIPCapitalism 4/12 https://twitter.com/ArashKolahi/status/1212842818286211072
Capitalism robs us of this fulfillment
Capitalism is alienating. #RIPCapitalism 4/12 https://twitter.com/ArashKolahi/status/1212842818286211072
Not only is capitalism inherently undemocratic & alienating, it also robs the working class of their creative & innovative potential.
To create is human. But capitalism stifles the creative & innovative potential of the working class & poor. 5/12 https://twitter.com/ArashKolahi/status/1225940422855290880
To create is human. But capitalism stifles the creative & innovative potential of the working class & poor. 5/12 https://twitter.com/ArashKolahi/status/1225940422855290880
Capitalism is inherently inequitable & unfair. We all know it. We all feel it. Poverty vis-à-vis extreme wealth.
No one works 100x 1,000x or 10,000 times longer or harder than anyone else, yet we have income disparities even greater than that. 6/12 https://twitter.com/ArashKolahi/status/1230953222375763969
No one works 100x 1,000x or 10,000 times longer or harder than anyone else, yet we have income disparities even greater than that. 6/12 https://twitter.com/ArashKolahi/status/1230953222375763969
Instead of rewarding people equitably & fairly for things we have control over like effort, sacrifice or duration of work, capitalism rewards bargaining power: systematically enriching the already rich & powerful #RIPCapitalism 7/12 https://twitter.com/ArashKolahi/status/1210332075787608065
So, not only does capitalism rob us of economic democracy, the fulfillment that comes from participation in the decisions that affect our lives, it also inherently robs us of fair & equitable wages. #RIPCapitalism 8/12 https://twitter.com/ArashKolahi/status/1197630151544016897
Capitalism is also inherently & by-definition inefficient, wasteful & environmentally destructive because 1) it is incapable of taking externalities into consideration and 2) it incentivizes & rewards externalization of environmental degradation. 9/12 https://twitter.com/ArashKolahi/status/1164321010964815872
In this thread below, we not only prove that capitalism is inefficient, wasteful & environmentally destructive; we also prove that economic democracy *increases* environmental sustainability. #RIPCapitalism 10/12 https://twitter.com/ArashKolahi/status/1232782537174347776
Capitalism is a zero-sum game. It undermines our natural empathetic tendencies by pitting us against one another through institutions that *require* us to trample on one another to get ahead.
It punishes the best of humanity & rewards the worst. 11/12 https://twitter.com/ArashKolahi/status/1191508527153418240
It punishes the best of humanity & rewards the worst. 11/12 https://twitter.com/ArashKolahi/status/1191508527153418240
There is nothing “natural” or inevitable about capitalism. Quite the contrary, capitalism goes against our nature & against our shared values.
We need to replace capitalism with an economic system that embodies our shared values: #RIPCapitalism 12/12 https://twitter.com/ArashKolahi/status/1175080661251551232
We need to replace capitalism with an economic system that embodies our shared values: #RIPCapitalism 12/12 https://twitter.com/ArashKolahi/status/1175080661251551232
