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The Square Root of Capitalism: Difference between revisions
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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. | ||