Somewhere along the line, we lost the ability to distinguish between; earning a profit – and; maximizing private gain by any means.
i.e. Infinite Greed.
If you make the distinction, then you realize the status quo is neither sustainable nor good: it is unsustainable and evil.
Our loss of the ability to distinguish has triggered a cultural crisis, one that few are willing to recognize, much less discuss.
If you insist on making this distinction, you anger a lot of people, as it blows the capitalist cover of Infinite Greed.
All those angered by the mere question of this predatory pillaging in the name of capitalism are incapable of even admitting this cultural crisis exists.
it seems to anger everyone who believes the Status Quo of burning mountains of coal to power towel warmers, sitting in traffic burning petrol two hours a day and central banks enriching the already wealthy is not just sustainabl,e but god-damned good.
This angers everyone who has rationalized their investment in an evil system, because, well, it’s hard to feel all warm and fuzzy about your choices if the evil of the system you’re defending is starkly revealed.
Goosing the stock market ever higher only solves one problem: the terrible prospect that the assets of the incredibly wealthy might reset lower. It doesn’t make the system sustainable or less evil.
Indeed, it is the manifestation of the evil at the heart of the entire system. Maximizing private gain by any means isn’t about earning a profit; it’s about strip-mining the planet and the labor and profit of others.
Every enterprise must earn a profit to survive: A worker-owned collective must earn a profit, as it needs money to reinvest in the business and reward those who have invested their capital (human, social, financial, intellectual, etc.) in the enterprise.
If the collective can’t reinvest in new plant and new workers as the old equipment fails and old workers retire, it will weaken and collapse.
This is equally true of any business owned by the state. if the state-owned enterprise doesn’t earn a profit that can be reinvested in the business, it can only survive if it is subsidized by some other enterprise that is earning a profit.
The cultural crisis angers people because it threatens to loosen their grasp on the few threads of security they believe are real. The easily angered are [are scared by the prospect of] an Apocalypse on the horizon.
[But] a financial Apocalypse wouldn’t even touch the assets of the many, because their financial wealth is near-zero.
If the $20 trillion sitting in tax havens melted into air – who would even notice ? – except the pillagers, and those paid to defend them…
Edited from an article by Charles Hugh Smith.