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One of capitalisms biggest tragedies
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this post was submitted on 11 Feb 2024
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A Boring Dystopia
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One can argue that we have two kinds of capitalism. And that would be true for the classic, theoretical capitalism.
However, the modern one favors short term profit and stock prices. Which do not care if economies collapse in 20 years due to global warming, as long as the profit is good now.
Therefore its a systematic failure of modern capitalism. As it is not accounting externalities