Alan wrote (2021-06-27):

The problem is not big-tech. The problem is bullshit and bullshiters.

The problem is big-tech and

How is big-tech a problem?

how is it not? ;)

https://onezero.medium.com/how-to-destroy-surveillance-capitalism-8135e6744d59

bullshit capitalism.

Capitalism works.

unfortunately it does.

Just how well it works is debatable.

depends of the perspective or how you measure it.

it works very well to make a few people enormously rich and powerful.

it's also very effective in destroying the environment – fast and enduring.

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Alan wrote (2021-06-29):

This is also the actions or inactions of men. The problem is not capitalism, it is the way it is used.

I don't know about what fairy-tale version of capitalism you have in mind.
I mean capitalism in the way it is used or as the system with all the laws
and (non-)regulations that exist today. It's a systemic problem and not a problem with a few bad actors. Capitalism as it exists is made to make a minority very rich and reward sociopathic/psychopathic behaviour.


https://www.vox.com/the-goods/22550608/how-big-business-exploits-small-business

https://www.nytimes.com/2012/05/13/opinion/sunday/fables-of-wealth.html

and of course: https://en.wikipedia.org/wiki/Capital_in_the_Twenty-First_Century

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Hello Alan Ianson!

** On Friday 02.07.21 - 05:03, Alan Ianson wrote to Oli:

[...]

Capitalism as it exists is made to make a minority very
rich and reward sociopathic/psychopathic behaviour.

Capitalism is not designed for that outcome but indeed
that is what we get much of the time.

Essential reading..

An award-winning author and leading
international economist delivers a much-needed
plan for rethinking capitalism and tackling the
most urgent problems in modern society.

Capitalism is in crisis. The rich have gotten
richer - the 1 percent, those who earn more
than $1 million annually, own 44 percent of
the world's wealth - while climate change is
transforming, and in some cases wiping out, life on
the planet. We are plagued by crises threatening our
lives, and this situation is unsustainable. But how do
we confront these problems proactively, reimagining
our future, rather than retroactively picking up the
pieces as markets fail?

Mission Economy looks at the grand challenges
facing us in a radically new way. Global warming,
pollution, dementia, obesity, gun violence, mobility -
these environmental, health, and social dilemmas are
huge and complex, and do not have simple solution.

Mariana Mazzucato argues that we need to think bigger
and mobilize our resources in a way that is as bold
and inspirational as the moon landing - this time
to solve the most wicked problems of our time. We
can only begin to find answers if we fundamentally
restructure capitalism to make it inclusive, sustain-
able, and driven by innovation that tackles concrete
issues, from the digital divide to health pandemic
to our polluted cities: Fundamentally, this requires
redesigning government tools to be less about sub-
sidies and more about proactive investments toward
the common good, restructuring corporate gover-
nance to be more stakeholder driven, and rethinking
economic theory, which has often misguided both the
public and private sectors.

This book tackles and relates all three of these
challenges: changing government, changing business,
and changing theory. It is essential reading if we are
ever to stop going from one crisis to another.

Mission Economy: A Moonshot Guide to Changing Capitalism |
Hardcover
Mariana Mazzucato
HarperCollins | Harper Business
Business & Economics / Economics - Theory / Government & Business / Decision Making & Problem Solving
Published Mar 23, 2021 | Sales (#4421)
$29.99 US / $36.99 CA list price

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Hello August,

Capitalism as it exists is made to make a minority very
rich and reward sociopathic/psychopathic behaviour.

Capitalism is not designed for that outcome but indeed
that is what we get much of the time.

Essential reading..

Is it? Seems more like an old re-tread to me.

An award-winning author and leading
international economist delivers a much-needed
plan for rethinking capitalism and tackling the
most urgent problems in modern society.

Mikhail Gorbachev called it "Glasnost".
Or was it "Perestroika"? Kind of hard to tell,
given what happened to his [former] country.

Capitalism is in crisis. The rich have gotten
richer - the 1 percent, those who earn more
than $1 million annually, own 44 percent of
the world's wealth - while climate change is
transforming, and in some cases wiping out, life on
the planet. We are plagued by crises threatening our
lives, and this situation is unsustainable. But how do
we confront these problems proactively, reimagining
our future, rather than retroactively picking up the
pieces as markets fail?

Karl Marx said much the same thing. But really.
Has anybody truly looked at what he had underneath
all that beard?

Mission Economy looks at the grand challenges
facing us in a radically new way. Global warming,
pollution, dementia, obesity, gun violence, mobility -
these environmental, health, and social dilemmas are
huge and complex, and do not have simple solution.

What we had in the old Soviet Union was a series of dictatorships,
each under a different guise. First there was Leninism, then there
was Stalinism, followed by others with their own unique form of
-ism, with Gorbachev deciding he had had enough.

Mariana Mazzucato argues that we need to think bigger
and mobilize our resources in a way that is as bold
and inspirational as the moon landing - this time
to solve the most wicked problems of our time.

Her argument is more like Mission Impossible. No state-run
economy would be any better (if not worse) than what we have
now. No need to look at the old USSR or Cuba for guidance.
We all know what happened there.

https://www.reuters.com/article/us-health-coronavirus-economy- breakingvi/breakingviews-review-mission-economy-may-be-mission -impossible-idUSKBN29Y219

We can only begin to find answers if we fundamentally
restructure capitalism to make it inclusive, sustain-
able, and driven by innovation that tackles concrete
issues, from the digital divide to health pandemic
to our polluted cities:

Kind of cute, using different words meaning the same thing.
Marx would have gladly approved. But he is no longer here, is
he? With almost the entire world rejecting his claims.

Fundamentally, this requires
redesigning government tools to be less about sub-
sidies and more about proactive investments toward
the common good, restructuring corporate gover-
nance to be more stakeholder driven, and rethinking
economic theory, which has often misguided both the
public and private sectors.

That's the spirit! Let the government own both the
public and private sectors, redistributing the income
so all can be equal!

This book tackles and relates all three of these
challenges: changing government, changing business,
and changing theory. It is essential reading if we are
ever to stop going from one crisis to another.

China, Laos, Cuba, and North Korea.
Mazzucato's heaven.
Everybody else's hell.

Mission Economy: A Moonshot Guide to Changing Capitalism |
Hardcover
Mariana Mazzucato
HarperCollins | Harper Business
Business & Economics / Economics - Theory / Government & Business / Decision
Making & Problem Solving
Published Mar 23, 2021 | Sales (#4421)
$29.99 US / $36.99 CA list price

Karl Marx' "Communist Manifesto" is free at Project Gutenberg.
As well as "Das Kapital" - cowritten by his friend Engels.

--Lee

--
Not my president!

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