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View Diary: George Bush Sr: Destroy the Glaciers to Mine the Gold (131 comments)

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  •  Capitalism REWARDS greed and lack of foresight (0+ / 0-)

    The more costs a firm can externalize in the form of polution, unrecompensated damage to workers health, etc... the more profitable and competitive it will be. The problem isn't that firms don't see long-term costs its that they are able to pass them on to others. The logic of the free market is that firms must grow continuously or die. It is the logic of a cancer cell. Government regulation can certainly restrain some of the worse resulting excesses but this only intensifies the efforts of the big capitalists to secure control of the state, something this diary demonstrates they have been quite successful in. We live in a society where the processes of production are social and so are the costs, but ownership and the right to take profits are privately held in the hands of a tiny minority. This economic arrangement is fundamentally antagonistic to a genuinely democratic society. Instead we get this pale imitation of democracy in which we can choose which representatives of the capitalist class will occupy certain offices but the fundamental principle of the rule of the rich is never seriously in question.  

    "Tell no lies. Claim no easy victories" -- Amilcar Cabral

    by Christopher Day on Fri May 26, 2006 at 07:42:04 AM PDT

    [ Parent ]

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