interesting conversation. and i watched judas and the black messiah last night. good movie, but horrendous story.
for centuries, the practice of capitalism has been predatory, but it needn’t be.
capitalism is not inherently evil — it is neutral in terms of morality, which is why it is destroying the environment.
imo the biggest problem is the lie that free markets / systems are “self-correcting”. (or the assumption “free” markets can even exist).
UNregulated capitalism results in evil.
the land on which we live and work has already been distributed. people can only acquire it by paying for it, or stealing it. those with no land rarely have the means to provide for themselves. in this sense, labour is coerced.as there is no free entry or exit from work markets and no equal bargaining power, many people have inadequate, dangerous, expensive work and so on.
society (government) must provide “landless” people with the means to provide for themselves (access to safe meaningful work, wages adequate to provide shelter and so on) as a fair exchange for expecting landless people to accept the existence of property/ land title rights.
this requires govt to intervene in markets.
race might be nonsense but caste is real. i think that foul “ape” video from the white house showed you can (as isabel wilkerson said) act your way out of class, but not caste.
i would trust BPP before putting my trust in any form of law enforcement.
finally, in terms of efficiency/ morality, there is little difference between global.mega-corporations and old style soviet planning committees. at some limit corporations cease to become accountable to the citizens of an economy, or to shareholders.