I am generally pro-capitalism, because I think it has raised billions out of poverty, and elevated life to the state where im writing this on box that uses sand to think. Overall, capitalism has done some good.
But I also am trying to change my focus to also be about the bad parts of capitalism in these debates. I still don't believe capitalism is a bad system, but if I focus on the problems, then I can consider them in context with how a solution would affect the benefits.
For example, if we chose to move away from a profit motive entirely, then it would be functionally impossible to determine what the best uses for resources are. After all, resources are costs, and in our current systems, costs need to be outweighed by profits.
But if a cure to cancer is found tomorrow, and the cost for it is millions because of a pure profit motive, then I think there needs to be some form of intervention.
Overall, I want us to have a more nuanced conversation that "Corporation bad - NO! Corporation Good!"
The concept of corporations as people dates back to 1886 in the Supreme Court case Santa Clara County vs. Southern Pacific Railroad where they were given personhood under the Equal Protection clause of the 14th Amendment. I was pretty surprised to learn this recently because I previously thought it started with Citizens United and was, of course, highlighted by Romney's comments.
Under the law, corporations are considered people, as seen in the case of Burwell v. Hobby Lobby.
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16 comments
Hey yalls. I have some feelings about this.
I am generally pro-capitalism, because I think it has raised billions out of poverty, and elevated life to the state where im writing this on box that uses sand to think. Overall, capitalism has done some good.
But I also am trying to change my focus to also be about the bad parts of capitalism in these debates. I still don't believe capitalism is a bad system, but if I focus on the problems, then I can consider them in context with how a solution would affect the benefits.
For example, if we chose to move away from a profit motive entirely, then it would be functionally impossible to determine what the best uses for resources are. After all, resources are costs, and in our current systems, costs need to be outweighed by profits.
But if a cure to cancer is found tomorrow, and the cost for it is millions because of a pure profit motive, then I think there needs to be some form of intervention.
Overall, I want us to have a more nuanced conversation that "Corporation bad - NO! Corporation Good!"
Thanks for reading and have a blessed day.
Citizens United ruined my life
I don’t have nice things to say about mitt Romney nor corporations. Thanks for coming to my Ted Talk.
The concept of corporations as people dates back to 1886 in the Supreme Court case Santa Clara County vs. Southern Pacific Railroad where they were given personhood under the Equal Protection clause of the 14th Amendment. I was pretty surprised to learn this recently because I previously thought it started with Citizens United and was, of course, highlighted by Romney's comments.
Under the law, corporations are considered people, as seen in the case of Burwell v. Hobby Lobby.