Capitalism has no built-in moral code other than maximizing profits. Whatever morality exists is brought to the table by individuals, but the system itself does not reward compassion; indeed, ruthlessness and cruelty are central features of the game. Capital has been engaged in a long-term struggle to deprive people of access to the resources they need to build a good life for themselves. It creates an environment that allows a small group or even one person to live extremely well on the backs of those whose access to resources they control. Once people become separated from the resources that they need to live, they must re-acquire them on terms favorable to the capitalist. In some cases, the result is modern-day slavery. The separation of people from the resource base is a central theme in the human history of the world and at the heart of our systemic problem today.
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Why modern capitalism doesn’t work. Capitalism was originally a system with morals and rules built around it that aimed...
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