Sorry but this is a whole old of nonsense the idea of there being different types of capitalism - some inherently good and some inherently bad.
Capitalism is capitalism and it is used to pursue a profit, it is neither inherently good or bad although we have and are still being brainwashed into thinking otherwise.
There are two types of capitalism - free market capitalism, which encourages equal opportunity for all, and stakeholder capitalism, which doesn't, where governments collude with major companies and wealthy individuals (stakeholders) to increase opportunity for the few at the expense of the many. Both forms of capitalism reward greed: more universally but limited in the case of free market, more targeted at a minority of rich companies and individuals in the case of stakeholder capitalism. It seems obvious to me that they are not intrinsically 'good' or 'bad', but free market capitalism is definitely the lesser of two evils.
This article explains stakeholder capitalism very well. It goes well beyond mere labels. They are trying to 'reset' the global economy using the imaginary 'climate crisis' and 'sustainability' as the excuse.
Thank you Jaime for highlighting this article and your additional comments about it. Real food for thought. It’s all so incredibly obvious when you come to think of it, but actually first needs setting out articulately.
You ~(or rather Shellenberger) forgot the point that it's those same "philanthropists" who dictated that ESG is actually a benefit! First, prove that reduction of carbon emissions is what this planet actually needs!!
It's a scam within a scam within a scam. Firstly, they falsely claim that we need to reduce global emissions of GHGs because the planet is 'dangerously overheating'. Then they falsely claim that Western countries need to rush to net zero whilst the main polluters - China, India, Middle East, Russia - do nothing to reduce their emissions. Lastly, the schemes they have for reducing emissions, though they cause much hardship to common people, don't actually work anyway!
I often feel that we're in the same state in human affairs as Aristotle was in physics. It's 'obvious' that the Earth stands still, the Sun goes round the Earth and being at rest is the natural state of motion. In the same way it's 'obvious' that 'doing good works' will give better outcomes. It took 2 millennia for Galileo and Newton to refute Aristotle. They discovered the 'unnatural nature' of the world - we can't base our understanding on mere appearances. What we need is a renaissance in thought about the human condition just as there was in our understanding of physics.
Sorry but this is a whole old of nonsense the idea of there being different types of capitalism - some inherently good and some inherently bad.
Capitalism is capitalism and it is used to pursue a profit, it is neither inherently good or bad although we have and are still being brainwashed into thinking otherwise.
There are two types of capitalism - free market capitalism, which encourages equal opportunity for all, and stakeholder capitalism, which doesn't, where governments collude with major companies and wealthy individuals (stakeholders) to increase opportunity for the few at the expense of the many. Both forms of capitalism reward greed: more universally but limited in the case of free market, more targeted at a minority of rich companies and individuals in the case of stakeholder capitalism. It seems obvious to me that they are not intrinsically 'good' or 'bad', but free market capitalism is definitely the lesser of two evils.
I see the distinction you are trying to make but it is all just "labels".
Where are YOU personally getting these definitions of capitalism from?
This article explains stakeholder capitalism very well. It goes well beyond mere labels. They are trying to 'reset' the global economy using the imaginary 'climate crisis' and 'sustainability' as the excuse.
https://winteroak.org.uk/2020/10/05/klaus-schwab-and-his-great-fascist-reset/
Thank you Jaime for highlighting this article and your additional comments about it. Real food for thought. It’s all so incredibly obvious when you come to think of it, but actually first needs setting out articulately.
You ~(or rather Shellenberger) forgot the point that it's those same "philanthropists" who dictated that ESG is actually a benefit! First, prove that reduction of carbon emissions is what this planet actually needs!!
It's a scam within a scam within a scam. Firstly, they falsely claim that we need to reduce global emissions of GHGs because the planet is 'dangerously overheating'. Then they falsely claim that Western countries need to rush to net zero whilst the main polluters - China, India, Middle East, Russia - do nothing to reduce their emissions. Lastly, the schemes they have for reducing emissions, though they cause much hardship to common people, don't actually work anyway!
I often feel that we're in the same state in human affairs as Aristotle was in physics. It's 'obvious' that the Earth stands still, the Sun goes round the Earth and being at rest is the natural state of motion. In the same way it's 'obvious' that 'doing good works' will give better outcomes. It took 2 millennia for Galileo and Newton to refute Aristotle. They discovered the 'unnatural nature' of the world - we can't base our understanding on mere appearances. What we need is a renaissance in thought about the human condition just as there was in our understanding of physics.