Humanity will never be
happy until we democratize the bureaucracies and expropriate for the poor the investment
capital that cares more about short-term profits and quarter earnings than
welfare of the poor, or wellbeing of the underprivileged, defenseless,
wageworkers and the victims of an autocratic, hierarchical, greed and fear
driven economy. Instead we need a truly democratic economy driven by a moral
concern for the other. Polanyi
claimed economic relationships should be embedded in other social institutions of
social responsibilities. Social obligations, ecology, and technology determine
the rules of the economy. Production for use and meeting the needs of all
people need to govern decisions and production and distribution through
established democratic decision-making processes. Markets work best when they
remain secondary to meeting the basic needs of all people end of discussion.
No comments:
Post a Comment