12 Comments
User's avatar
⭠ Return to thread
Tom Cummings's avatar

You are right, humans often use capital and power to exploit people and commit cruel acts. And there are many critiques of our current economic system designed (through compound interest rates)to make the rich richer and empty the pockets of the less fortunate. Yet dark capitalism is the work of maladapted humans who use money to manipulate an economic system that fundamentally depends on trust, fair play and an evolution of the rules to meet each of our needs for life and livelihood in a just world. One can easily point to enlightened counter examples - Patagonia, the B Corp movement, GABV.org and many many companies and financial institutions working toward a better future. There are many forms of capital formation, investment and gift money in the world that can develop healthy forms of capital such as social capital, trust capital, human capital, infrastructure capital and commons capital. These are the building blocks of a healthy thriving society, and many people are working hard to eliminate the damage to people and the environment. They all depend on continuous values formation and reconciliation and legislation that comes from civil public discourse and protected voting rights (not lobbying special interest factories) and a fundamental belief in human dignity for all. I am not convinced we have many alternatives to the conscious use of money and healthy use of capital with proper guard rails to meet the emerging challenges we face.

Expand full comment
Vincent Schumacher's avatar

Thank you!

I still have some faith that not all capitalism need be dark capitalism.

Vince in Grand Rapids

Expand full comment
𝓙𝓪𝓼𝓶𝓲𝓷𝓮 𝓦𝓸𝓵𝓯𝓮's avatar

Capitalism is cruel and barbaric. It cannot exist without exploitation and poverty.

Expand full comment
Cynthia Bethea's avatar

So your solution is??????

Expand full comment
Renee's avatar

Don't engage with Jasmine Wolfe. She is not a real person

Expand full comment
𝓙𝓪𝓼𝓶𝓲𝓷𝓮 𝓦𝓸𝓵𝓯𝓮's avatar

I assure you I am😊

Think what you want and keep defending a cruel and barbaric system that's going to collapse and it's going to be all bad when it does.

Read.

https://www.theguardian.com/news/2022/sep/04/super-rich-prepper-bunkers-apocalypse-survival-richest-rushkoff

Expand full comment
𝓙𝓪𝓼𝓶𝓲𝓷𝓮 𝓦𝓸𝓵𝓯𝓮's avatar

I don't have one. But nature does. This is end stage capitalism. Capitalism has destroyed the planet. Nature is fighting back and she will win. If we had started dismantling this barbaric system 100 years ago, we may have stood a chance 😔 Not now. We're in the midst of the 6th great extinction and humans are on the endangered species list. The oligarchs who caused this, know this, and they are making preparations for it.

https://www.theguardian.com/news/2022/sep/04/super-rich-prepper-bunkers-apocalypse-survival-richest-rushkoff

Expand full comment
Joyce Newman's avatar

Thanks for your comments . If you have the inclination & time , I have some questions. If not then just thanks.

How do I find “ companies & financial institutions working towards a better future “ ?

Can I invest in them through a traditional broker ( mine is Merrill Lynch)?

I buy Patagonia. Someone more savy than me isn’t

impressed with “ the B Corp “.

I went to the GABV.org site but none of the banks are in my area so I wouldn’t know how to support them.

I’m a retired Public Health Nurse with limited financial knowledge but with strong convictions .

Expand full comment
lulie donli's avatar

great! as i have said "SHOP

POLITICALLY ": go to a companies website & read--or call the CEO office and request a copy of-- their

MISSION STATEMENT--

many have none . Then make the effort to contact the company and tell them why you are shopping there or not

(eg: walgreens 🚫 because of the policy on mifipristone.

look @ their corp pac FEC

pages -- walgreens's has an

agenda i cannot figure out:

2020 campaign = $ ~ 30K

more to house Dems / ~$25K

more to gop senate)

punchline : be a walking advertisement via iMessage on your shirt the blue square pin on your lapel, SHOP politically, including HABITAT, made copies of possible funding opportunities from package labels (eg: cascadian farms ➡️ the nature conservancy) ... I begin to ramble-- when I guess the word of the day is Rumble

Expand full comment
Michael Langford's avatar

Can you unpack this a bit. You’re making quite a lot of sense.

All societies use money as a medium of exchange, separate from their ideology, which may or may not be capitalist. It’s the lack of regulation that has led to this crisis. Have you read Stone’s Fall by Iain Pears?

Expand full comment
lulie donli's avatar

wow--your comment made it to card stock paper and five condo lobbies in miami!

thank you.

Expand full comment
lulie donli's avatar

gee--several wonderful comments about the different types of "capitalism"--but it doesn't seem everyone is hearing that. I prefer to distinguish dark capitalism from free market enterprise and corporations that give back--

Forbes list of 100 altruistic corporations is a little little bit like what I mean

Expand full comment