Joe Phigan wrote to Dennis Katsonis <=-
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political and social ramifications, externalities. Capitalists are generally very poor when it comes to taking into account externalities.
For capitalism to really work, it needs freedom and peace and for us
all to really just be one world rather than a bunch of squabling countries. If we are divided, capitalism can't do its thing.
"Capitalism" isn't what does work. People do. Capitalism is just a patter of property rights, ethics and moral norms.
The world is always going to be divided, so by that token, Capitalism will never really work?
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