King Donald

King Donald
America’s first king since George III?

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FACTS NOT FASCISM

FACTS NOT FASCISM

Tuesday, May 17, 2022

The Problem with the Profit System

 Here, then, is my latest book: Capital by Thomas Piketty.  In this tome I am expecting to find both history and analysis of the profit system, often called simply capitalism.  Now, I am against neither capital (money), nor a simple profit made by an entrepreneur allowing him to feed, shelter, and clothe his (or her) family, as well as obtain some of the finer things of life.  

 The difficulty arises when there is an imbalance -- one person to another, or one group to another.  One group gets too much money, the other gets too little.  In one sense the matter is as simple as this.  As Piketty writes:  The problem is that the price system knows neither limits nor morality.   Is this the kind of system we really want?  And can it even survive?  

 


 

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