{"id":60972,"date":"2021-12-16T08:32:52","date_gmt":"2021-12-16T13:32:52","guid":{"rendered":"https:\/\/olduvai.ca\/?p=60972"},"modified":"2021-12-16T08:32:52","modified_gmt":"2021-12-16T13:32:52","slug":"dont-blame-capitalism-capitalism-itself-isnt-bad-its-the-effects-that-are-bad-nate-hagens","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=60972","title":{"rendered":"Don\u2019t blame capitalism. Capitalism itself isn\u2019t \u201cbad\u201d; it\u2019s the effects that are bad. \u2014 Nate\u00a0Hagens"},"content":{"rendered":"

Don\u2019t blame capitalism. Capitalism itself isn\u2019t \u201cbad\u201d; it\u2019s the effects that are bad. \u2014 Nate\u00a0Hagens<\/a><\/h3>\n

Capitalism has allowed us to throw a two-century party \u2013 We trashed the place, drank the booze, burned the furniture \u2014 It\u2019s time to wake up, act like adults, and behave responsibly. \u2014<\/strong><\/p>\n

\"\"<\/a><\/p>\n

Nate Hagens<\/p>\n<\/div>\n

\u201cHere in America when bad shit happens, we immediately perceive it as an injustice \u2014 it\u2019s not fair or right \u2013 and then we logically have to blame someone or something. \u2026. If capitalism is to blame, what is capitalism? Here\u2019s a definition from the IMF [International Monetary Fund]. \u2018Capitalism. is an economic system in which private actors own and control property in accord with their interests and supply freely set prices in markets in a way that can serve the best interests of society. The essential feature of capitalism in the motive to make a profit.\u2019\u2026. Capitalism, on the backs of fossil armies, brought billions of people out of poverty, allowed hundreds of millions of humans to live like kings and queens, and enabled billions of people to be born and live lives on earth by turbo-charging the food supply. It is too weighty and complex of an issue to label as simply \u2018bad\u2019 or \u2018good. In some ways, complaining about capitalism is a luxury enabled by capitalism. Capitalism itself isn\u2019t bad \u2013 the effects are bad. Many of the bad effects aren\u2019t about wealth itself, but wealth inequality, which has ebbed and flowed over thousands of years, but naturally will spike during the highest surplus or monetary surplus representations. \u2026. Any \u2018ism\u2019 linked to a culture that extracts carbon 10 million times faster than it was sequestered by nature us going to have disastrous long-term effects. Relative to other \u2018isms\u2019, capitalism did it faster…<\/em><\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n

.<\/p>\n","protected":false},"excerpt":{"rendered":"

Don\u2019t blame capitalism. Capitalism itself isn\u2019t \u201cbad\u201d; it\u2019s the effects that are bad. \u2014 Nate\u00a0Hagens Capitalism has allowed us to throw a two-century party \u2013 We trashed the place, drank the booze, burned the furniture \u2014 It\u2019s time to wake up, act like adults, and behave responsibly. \u2014 Nate Hagens \u201cHere in America when bad […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,4,7],"tags":[111,30675,12346],"class_list":["post-60972","post","type-post","status-publish","format-standard","hentry","category-economics","category-environment","category-survival-2","tag-capitalism","tag-citizen-action-monitor","tag-nate-hagens"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/60972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=60972"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/60972\/revisions"}],"predecessor-version":[{"id":60973,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/60972\/revisions\/60973"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=60972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=60972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=60972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}