The Square Root of Capitalism: Difference between revisions
mNo edit summary |
No edit summary |
||
| Line 6: | Line 6: | ||
In order to get useful answers to problems, we need first to ask the right questions (credit to Douglas Adams in The Hitchikers Guide to the Galaxy). Questions I wish to propose in this regard are: | In order to get useful answers to problems, we need first to ask the right questions (credit to Douglas Adams in The Hitchikers Guide to the Galaxy). Questions I wish to propose in this regard are: | ||
1. Why do wealthy entities always give a sizeable proportion of their profits to non-profit organizations (a good thing), in line with advices given in some ancient scriptures, even though this is not required by law? (credit for this question goes to uMfundisi Bongani of the | 1. Why do wealthy entities always give a sizeable proportion of their profits to non-profit organizations (a good thing), in line with advices given in some ancient scriptures, even though this is not required by law? (credit for this question goes to uMfundisi Bongani of the B.S.C.). | ||
2. Why is such a huge proportion of the financial industry profit-driven and reliant on interest rates for the purpose of creating yet more money? | 2. Why is such a huge proportion of the financial industry profit-driven and reliant on interest rates for the purpose of creating yet more money? | ||
Instead of charging interest, perhaps we need to shift our focus towards the general good for the public (i.e. stabilizing the economy) and endeavour upon this goal in a gradual yet decisive and responsible fashion. | Instead of charging interest, perhaps we need to shift our focus towards the general good for the public (i.e. stabilizing the economy) and endeavour upon this goal in a gradual yet decisive and responsible fashion. | ||
Revision as of 17:13, 17 June 2020
This article is a stub. You can help us by editing this page and expanding it.The square root of negative one is a way of jumping off of the number line and into a new dimension. Once you start to explore this new territory, you realize how fruitful it is.
Is there a way of looking at capitalism in a similar way? Is there an undiscovered dimension that we're missing that could help us to reframe our current economic theories and see a larger solution space?
In order to get useful answers to problems, we need first to ask the right questions (credit to Douglas Adams in The Hitchikers Guide to the Galaxy). Questions I wish to propose in this regard are: 1. Why do wealthy entities always give a sizeable proportion of their profits to non-profit organizations (a good thing), in line with advices given in some ancient scriptures, even though this is not required by law? (credit for this question goes to uMfundisi Bongani of the B.S.C.). 2. Why is such a huge proportion of the financial industry profit-driven and reliant on interest rates for the purpose of creating yet more money?
Instead of charging interest, perhaps we need to shift our focus towards the general good for the public (i.e. stabilizing the economy) and endeavour upon this goal in a gradual yet decisive and responsible fashion.