The Capitalism Conundrum

Lisa Witter:  Well I think the biggest problem we have globally is that capitalism has sort of run amuck and I think that we need to figure out how to continue to have growth without using up all of our natural resources. I think that is a real, you combine capitalism with global warming, it’s a real problem and when I say capitalism I’m not just talking about the way we make money, I’m talking about the way we relate to each other in very transactional ways, you know, it’s funny, you know, I feel like capitalism has replaced religion in some ways, it’s changed the organizing principal about how we interact, about how we think of our time and so I think we need to ask some more questions about how do we make this very powerful economic system work to have the type of world that A you wanna leave for your children but that works for you. I’m not saying that capitalism isn’t the way to go, I actually think it is but I think unfettered, you know, unregulated, out of control capitalism, that’s not the answer either, and I don’t think that was ever the intent. You know, I think that they figured the government or some sort of body would come in and say “Okay what’s working, what’s not working, what’s good, what’s not good?” and sort of muck with it, I’m a capitalist, but I’m not a free market at all cost capitalist. I mean just look at ethanol prices, I mean just look at the impact, look how capitalism is completely raping the land, it’s not working, that doesn’t say trash it, it just says let’s modify it and fix it. Well I think the biggest problem we have globally is that capitalism has sort of run amuck and I think that we need to figure out how to continue to have growth without using up all of our natural resources.  I think that is a real, you combine capitalism with global warming, it’s a real problem and when I say capitalism I’m not just talking about the way we make money, I’m talking about the way we relate to each other in very transactional ways, you know, it’s funny, you know, I feel like capitalism has replaced religion in some ways, it’s changed the organizing principal about how we interact, about how we think of our time and so I think we need to ask some more questions about how do we make this very powerful economic system work to have the type of world that A you wanna leave for your children but that works for you.l I’m not saying that capitalism isn’t the way to go, I actually think it is but I think unfettered, you know, unregulated, out of control capitalism, that’s not the answer either, and I don’t think that was ever the intent. You know, I think that they figured the government or some sort of body would come in and say “Okay what’s working, what’s not working, what’s good, what’s not good?” and sort of muck with it, I’m a capitalist, but I’m not a free market at all cost capitalist.  I mean just look at ethanol prices, I mean just look at the impact, look how capitalism is completely raping the land, it’s not working, that doesn’t say trash it, it just says let’s modify it and fix

 

 

 

According to Lisa Witter, capitalism has replaced religion.

LinkedIn meets Tinder in this mindful networking app

Swipe right to make the connections that could change your career.

Getty Images
Sponsored
Swipe right. Match. Meet over coffee or set up a call.

No, we aren't talking about Tinder. Introducing Shapr, a free app that helps people with synergistic professional goals and skill sets easily meet and collaborate.

Keep reading Show less

Brain study finds circuits that may help you keep your cool

Research by neuroscientists at MIT's Picower Institute for Learning and Memory helps explain how the brain regulates arousal.

Photo by CHARLY TRIBALLEAU / AFP/ Getty Images
Mind & Brain

MIT News

The big day has come: You are taking your road test to get your driver's license. As you start your mom's car with a stern-faced evaluator in the passenger seat, you know you'll need to be alert but not so excited that you make mistakes. Even if you are simultaneously sleep-deprived and full of nervous energy, you need your brain to moderate your level of arousal so that you do your best.

Keep reading Show less

34 years ago, a KGB defector chillingly predicted modern America

A disturbing interview given by a KGB defector in 1984 describes America of today and outlines four stages of mass brainwashing used by the KGB.

Politics & Current Affairs
  • Bezmenov described this process as "a great brainwashing" which has four basic stages.
  • The first stage is called "demoralization" which takes from 15 to 20 years to achieve.
  • According to the former KGB agent, that is the minimum number of years it takes to re-educate one generation of students that is normally exposed to the ideology of its country.
Keep reading Show less

How pharmaceutical companies game the patent system

When these companies compete, in the current system, the people lose.

Top Video Splash
  • When a company reaches the top of the ladder, they typically kick it away so that others cannot climb up on it. The aim? So that another company can't compete.
  • When this happens in the pharmaceutical world, certain companies stay at the top of the ladder, through broadly-protected patents, at the cost of everyday people benefitting from increased competition.
  • Since companies have worked out how to legally game the system, Amin argues we need to get rid of this "one size fits all" system, which treats product innovation — "tweaks" — the same as product invention.