Adam Smith, the main architect of free market capitalism, said it “cannot exist outside an ethical context.” Whether capitalism, tech, govt or something else, everything will be dangerous until we replace the question “How much $ will it make?” with “Is it the right thing to do?”

Sep 15, 2020 · 6:59 PM UTC

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Replying to @marwilliamson
I think we all have seen that capitalism now 100% exists outside of ethics. It believes that profit is the #1 priority. "The right thing to do" is a joke to make them laugh. That's where we have been for decades. Adherents of unregulated free-market capitalism are sociopaths.
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Replying to @marwilliamson
We should be in the end stage of this capitalism cycle. It is being falsely propped up and that is why it cannot work. Corporations are supposed to fail in a healthy capitalism.
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Replying to @marwilliamson @HFentonMudd
greatestcommonfactors.com/20…

Why taxing Billionaires is not a violation of a free market but rather a correction of a failing one

Billionaires aren’t winners of an actual free market. Their companies (eg Microsoft, Amazon, Facebook, Berkshire Hathaway, et al) are price-setting, not price-taking, monopolies, monopsonies and ol…

greatestcommonfactors.com
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Replying to @marwilliamson
Better yet: Is it good for the children? @ACEsConnection @healWRITEnow @RobinCogan
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Replying to @marwilliamson
The Dems need a slogan like, “It’s not right or left, it’s right or wrong.”
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Replying to @marwilliamson
Very true. And remember, the system we have in place now is not so much capitalism but corporate welfare.
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Replying to @marwilliamson
Life liberty and the pursuit of HAPPINESS! Not pursuit of BILLIONS. Morality should always lead your direction and influence your decisions
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Replying to @marwilliamson
Yes but not possible under the current capitalistic concept of debt and growth. impossible ... system needs a global lreform/regulation or will implode
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Replying to @marwilliamson
People often forget that Adam Smith actually wrote a book that contextualizes “Wealth of Nations” within an ethical framework — “Theory of Moral Sentiments” in which he posits that a “spectator morality” will keep greed honest. Essentially - cancel culture. And yet here we are...
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Replying to @marwilliamson
Dollars-to-donuts most people who quote Adam Smith have ONLY read the words "invisible hand" and that's it.
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