Fabio Manganiello on Nostr: "Social investment" sounds like another terminal phase of the capitalist disease. It ...
"Social investment" sounds like another terminal phase of the capitalist disease.
It occurs when even the most cynical anarcho-capitalist acknowledges that there isn't any investment left in roads, schools, hospitals, public transport, pensions etc., tax money basically goes to /dev/null, and the fabric of society won't hold much longer if things don't change.
However, the reaction STILL involves the topic invisible hand of the market.
Rather than acknowledging that public investment is required to keep the lights on and keep societies from falling apart, the social investment way expects private investors to pour money into things the government no longer want to do - and, of course, they're expected to act solely on the basis of profitability.
If the idea of private unelected individuals having the power of shitting down hospitals, schools and pension funds on the basis of short-term profitability sounds a lot like the plot of a dystopian cyberpunk novel about late degenerate #capitalism, it's because that's what it is.
https://theconversation.com/the-government-hopes-private-investors-will-fund-social-services-the-evidence-isnt-so-optimistic-218512
It occurs when even the most cynical anarcho-capitalist acknowledges that there isn't any investment left in roads, schools, hospitals, public transport, pensions etc., tax money basically goes to /dev/null, and the fabric of society won't hold much longer if things don't change.
However, the reaction STILL involves the topic invisible hand of the market.
Rather than acknowledging that public investment is required to keep the lights on and keep societies from falling apart, the social investment way expects private investors to pour money into things the government no longer want to do - and, of course, they're expected to act solely on the basis of profitability.
If the idea of private unelected individuals having the power of shitting down hospitals, schools and pension funds on the basis of short-term profitability sounds a lot like the plot of a dystopian cyberpunk novel about late degenerate #capitalism, it's because that's what it is.
https://theconversation.com/the-government-hopes-private-investors-will-fund-social-services-the-evidence-isnt-so-optimistic-218512