It was fashionable (and desirable) until the mid-80s to question how well capitalism worked as a basis for running society. Then the social “greed is good” changes brought about by the Reagan/Thatcher revolution began to take hold of the Western (or at least the Anglo-Saxon) psyche, and it became a form of sacrilege to question the magic power of the free market to fix any problem, anywhere. That superstition gradually became established fact – until, of course, the system began to show its deep flaws in 2008. But let’s challenge the core assertion, one that is so often repeated without challenge: Montgomerie repeats the popular idea that “Capitalism is not immoral but amoral. It does what its users demand of it”. Is that true? Does the profit motive always work for consumers? Montgomerie gives food and transport as examples, so let’s examine these industries: amoral or immoral? moronwatch.net/2011/11/is-capitalism-immoral-or-amoral.html
Posted on: Sat, 28 Jun 2014 22:24:45 +0000
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