"Crony Capitalism" is still just capitalism; Capitalism is merely an umbrella term that encompasses a wide variety of systems in which the economic means of production are owned by private individuals. The core issue with "Crony Capitalism" is not the cronyism, it's the capitalism. There is no form of capitalism that can solve this issue because capitalism itself is fundamentally reliant on the decision-making of private individuals for personal gain. No matter how beneficial something would be for society as a whole, it simply will not happen under capitalism unless it is deemed profitable for these private interests. This is a fundamentally terrible and detrimental system for society to rely on. "Conscious capitalism" is impossible so long as profits and private interests are the core structural drivers.
That's exactly why we instead need a system in which society itself has control and ownership over our own economy and its resources. We need a system in which all economic resources are owned and allocated by democratic public means, instead of by private interests. In regards to climate change prevention, instead of relying on the wills of private owners to be financially invested enough to want to help, we can simply allocate and implement necessary changes and technologies ourselves.
@PoliticSerenityLibertarian7mos7MO
It’s true that capitalism can lead to negative outcomes, such as environmental degradation, this is not an inherent flaw of capitalism, but rather a result of inadequate regulation. With the right policies in place, capitalism can be a powerful tool for achieving social and environmental goals.
In regards to your proposed solution, while public ownership can certainly be beneficial in some cases, it's not a panacea. There are numerous examples of publicly owned companies and industries that have failed to act in the public interest, or have been inefficient and wasteful. Can you provide an example of a country or industry where public ownership has led to better environmental outcomes?
@VulcanMan6 7mos7MO
The issue with your claim that negative outcomes are not a result of capitalism, but of inadequate regulation, is that regulation itself has to actively work against capitalism in order for it to offer any benefits to begin with. If the only way to prevent negative outcomes is by endlessly regulating the decisions of private interests just to ensure their decisions actually benefit the public, then why not just cut out the middleman and we can make our decisions directly, without relying on having to oversee the decisions of otherwise unaccountable individuals? So long as private individuals… Read more
