this post was submitted on 07 Nov 2023
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It is centralization that is killing the planet as the bigger the organization, the more power it has to control and become corrupt. Capitalism would work fine if it actually broke down organizations that got too big and also completely insulated themselves from bribes and influence. For some reason we have allowed corporations to run the show more and more which ironically is not only bad for the planet, but ultimately bad even for them in the long run. We have simply lost control and need to reign it in, but because humans are in the mix and can be bought or often coerced, there is little hope other than war resetting or AI taking over. My money is on AI taking over and while that scares many, humanity’s track record scares me more.
Regulatory capture is inevitable in capitalism. There is no reigning it in. Any small imbalance in wealth can be leveraged into a much larger imbalance. If politicians start glancing their way, then they will setup institutions to protect their wealth--anything from super PACs to Fox News.
This is not a Len exclusive capitalism thing though as centralization in any political or financial is always a risk of getting too big as you pointed out. But it can and has to be managed. History has lots of examples, but it seems to come and go in waves as it is hard to clamp down when the times are good.
And here I thought the problem was releasing carbon. What a fool was I. Corruption! Once again you've ruined a perfect system!
And of course the solution is to not have any centrally organized response. That way leads to corruption!