I’ve got a new word: decapitalism. I think this best describes
the state of the west over the last 20 years. Rather than being
capitalist, we’ve actually been deconstructing the major parts of
what capitalism is all about.Let’s go back to its modern beginning.
This came in the philosophy of Adam Smith, who realised that
capitalism was a good idea, under certain conditions. One of these
conditions was a moral framework to curb excess. We can see why it
was attractive to ditch this – for a time. But capitalism also
needs something else of importance – a sense of ‘service’ to go
alongside profit. Without this, it is inevitable that capitalism
will become dictatorial, ‘cos it treats its customers with
contempt. Do you recognise this world?
© Anthony North, 2010
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