Sean Newman Maroni

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Sean Newman Maroni
Posted over 1 year ago
Is capitalism sustainable?
I agree with this. I believe those who produce should be allowed to keep mostly all of their wealth as long as two constraints are met: their efforts do not exploit the life/lib/pursuit of happiness of someone else and the long term health of our planet. We've mostly gotten the first one under control, but on the second one we have major work to do. I'd be interested in hearing your thoughts on implementing this.
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Sean Newman Maroni
Posted over 1 year ago
Is capitalism sustainable?
We are in agreement that individuals ARE being exploited, but not WHO. In the social democracies, I'd argue that the producers are being exploited for the benefit of the labor force. Since the sustainability of an economy hinges on investments in the future, I believe that the welfare model is not as sustainable as a free market. The whole model hinges on high employment, which as we saw in 08 can change overnight based on global economic circumstances. If producers see a drop in demand and cut jobs, the heavy tax burden cant be supported. While this system is great for the general population disinterested in production, it hurts those who drive the economy and is not robust enough to survive financial adversity.
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Sean Newman Maroni
Posted over 1 year ago
Is capitalism sustainable?
Another definition of greed to consider: "Greed is wanting more from others than you are willing to provide to them." Under this definition, a person who is providing a great deal of value to the world should never be chastised for accruing wealth. Humans are driven to accumulate sure, but is this a bad thing? Wealth is created by delivering value to others, and capturing a percentage of that value for yourself in return for your efforts. If you provide a lot of value, you deserve great deals of wealth. But if you provide nothing, you would be greedy to expect anything.
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Sean Newman Maroni
Posted over 1 year ago
Is capitalism sustainable?
Be that as it may, we have certainly done ourselves no favors. All we have done is set up a larger bubble that is going to burst in the future. When American debt becomes worthless all the hardship we avoided in 08 will come back ten fold. Companies know this too, the wealthiest 1% (and China) and loading up on real assets like gold because they see whats coming.They will be fine, its the middle class, the savers, and the mainstreet guys that are going to be wiped out.
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Sean Newman Maroni
Posted over 1 year ago
Is capitalism sustainable?
Joanne, you are right that the capitalism we see today is a wealth polarizer. But I'd argue that this is cronyism, not capitalism. For example: the 2008 housing crisis. In a truly capitalistic society, the banks, GM, and AIG would have been allowed to fail. Instead, they were propped up by our government in an effort to prevent a depression. While we probably did avoid a depression, these large corporations used this event to grab more of the pie. They were acting in their own self interest, which is fine. Whats not fine is giving them this opportunity to risk other peoples money and then get bailed out consequence free. The reason wealth is so polarized is government has given companies opportunities like the bailouts, which a normal market would not provide.
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Sean Newman Maroni
Posted over 1 year ago
Is capitalism sustainable?
Capitalism is a tremendous wealth creator, and I like to think that it can be made "sustainable" with a few careful tweaks. Some ideas that could help: 1. Restructure GDP, why are we counting government spending and healthcare in this thing? 2. Automate jobs that can be automated. 3. Bare bones federal government that enforces only laws that make us safer and protect natural resources. 4. Politicians cannot campaign and our automatically forced to resign if the government runs a deficit. 5. 10% flat income tax on everybody that covers all government salaries. 6. A progressive tax on corporate profits, covers a few gov programs that keep people from starvation, but not much more. 8. Debt cannot be used for consumption, only to finance production/investment.
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Sean Newman Maroni
Posted almost 2 years ago
What motivates you?
I have made a commitment to myself to "refuse to peak." This means that there is no mountain to summit or finish line to cross in the amazing journey of life and personal growth. Each day is a gift to be either harnessed or squandered, and I try to choose wisely. I've come to embrace the idea of living for the process, not for the destination. Because goals must be set, and achieving them will only result in a higher target if growth is to continue. So to link happiness with some destination is to punt fulfillment over the fence. So I try not to treat life as a game that needs to be won, but rather a dance to be perfected. And as I approach that upper asymptote, I find new depth and empty spaces that can be filled in by a new journey. And whats exciting is that on this journey my very definition of motivation will no doubt be strengthened!