Constructive Capitalism

From P2P Foundation
Jump to: navigation, search


Description

Collated by Jeff Mowatt:

Umair Haque

"Why is industrial era business so destructive - why does it slash and burn rainforests, endanger entire species, vaporize culture and community, marginalize the poor and disadvantaged, and erode our health and vitality?

"Because none of those have value in an industrial economy: none are capitalized. So the beancounters of the world are free to plunder and ruin them - because, economically, they actually don't exist.

"20th century capitalism, in other words, marginally valued pure financial capital too highly, while marginally valuing human, natural, social, and cultural capital at zero - or, at the limit, negatively." (http://people-centered.net/Capitalism.aspx)