While this is true in theory, I often wonder whether it’s true in practice.
Our economic models are based on a fundamentally limited image of humanity. This image is sometimes partially true.
Even those who claim to maximize shareholder value, do they really know what that means, or are they just as influenced by societal norms, morals, emotions and personal interests? Does everyone have the absolute knowledge and magical capability to maximize this function?
The older I get, the more I realize that nobody really understands stuff. „Shareholder value“ is just another vague, emotional pressure among many.
Unlike many other leftists, I don’t think capitalism is total. It is a consequence of human behavior moreso than the other way around. It influences human relationships but doesn’t dominate them. More of a symptom than a cause.
But it has become a target for externalising our own flaws, like cynical greed, lack of foresight and holistic understanding.
Abstractions from those flaws might obscure the paths forward.
Our economic models are based on a fundamentally limited image of humanity. This image is sometimes partially true.
Even those who claim to maximize shareholder value, do they really know what that means, or are they just as influenced by societal norms, morals, emotions and personal interests? Does everyone have the absolute knowledge and magical capability to maximize this function?
The older I get, the more I realize that nobody really understands stuff. „Shareholder value“ is just another vague, emotional pressure among many.
Unlike many other leftists, I don’t think capitalism is total. It is a consequence of human behavior moreso than the other way around. It influences human relationships but doesn’t dominate them. More of a symptom than a cause.
But it has become a target for externalising our own flaws, like cynical greed, lack of foresight and holistic understanding.
Abstractions from those flaws might obscure the paths forward.