Quote:
Originally Posted by epiphany
Unrestrained capitalism is merely the right of every individual to produce and trade freely. How can this be ethically wrong? Negative behaviour like theft and fraud are not inherrant in capitalism (unrestrained or otherwise) but crimes that must be fought under any economic system.
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Ahh, the joys of language...
You're quite right to correct me - I should have used a different word, or at least some more words (not usually one of my failings, using too few words, though I'm working at it!) - though the allusion to rapaciousness contained in unrestrained is still valid I think..
I guess what I'm angling at is Unrestrained self-centred capitalism? Or at least something very similar to that... Unempathetic? Unreasoning? Short-term?
It was the nature of acting in one's own interests without factoring in (and caring about) the impact on others, or the longer-term impact, that I was trying to refer to... Which is why I'm not a big fan of 'unrestrained' Capitalism - it breeds activities like short-selling and people saying things like "Well if it wasn't me doing it, someone else would be..."