Message-ID: <32D2A8D4.1DE2@mind.net> Date: Tue, 7 Jan 1997 19:49:40 +0000 From: "B. Diamond" <mailto:bdiamond@MIND.NET> Subject: Re: Why capitalism is NOT sustainable -Reply To: Multiple recipients of list DEVEL-L <mailto:DEVEL-L@AMERICAN.EDU>
Tu and Bob Myers wrote:>
> Don't blame the financing method for the (mis)use of the facility or it's
> goods and services. Only people can (mis)use resources, production
> facilities, and the goods or services produced by those facilities. They
> do that no matter how the production and consumption is financed.
>
> Bob
I think that we're mincing words here, and thus missing the point. While you may define capitalism as only a system of finance of production, I define capitalism as the basis of our economic/business systems. When people discuss current events like AT&T laying off 40,000 people, and then giving the CEO a huge bonus, many will shrug their shoulders and say, "that's business." In this country, business=capitalism, business is driven by over-consumption and exploitation of resources, and business is driven by capitalism...I don't think that it's a huge, or unwarranted stretch to attribute the externalities of business to system that business in this country is based upon.
B. Diamond