> Saying it's not "the capitalism" is a bit of a true scotsman argument.
The statement I answered was making the worst case the norm. That's why I said that it is not representative for capitalism ("not the capitalism"). Short-term-profiteering is just a part of it - that is usually eliminated, if that's all that is to it.
> I wish I shared your hopeful vision because looking at history and current affairs, there's no indication that short term gains are ever going to be replaced by long term ones. The climate change issue is the prime example for that. Everyone knows long term it's bad, but who cares? We need those stocks to go up!
Now you're shifting the goal post. I specifically speak about profit not about some other arbitrary goal. Capitalism (like any economical system) isn't going to magically fix everything (i.e. climate).
That was not my intention. Climate change was just an example but the point is still about profits. It doesn't matter if you find that in 25 years profits will be better for everyone if we do X. Unless you get growth next quarter, stocks plummet.
Hence why I said I don't share your optimistic vision. With capitalism there is only the next quarter.
Even if you look at some of the longer plays like venture capitalism, it's the same mindset focusing on an exit that is a bit delayed. Swap profit at all costs with growth at all costs for a while in hopes you then profit later with monopolies.
Sure as you state short-term profiteering might not be all there is to capitalism, but I never claimed that in the first place. The issue is not the short-term part, it's seeking profit above all else. You can't really fix that within capitalism since it's what defines it.
The statement I answered was making the worst case the norm. That's why I said that it is not representative for capitalism ("not the capitalism"). Short-term-profiteering is just a part of it - that is usually eliminated, if that's all that is to it.
> I wish I shared your hopeful vision because looking at history and current affairs, there's no indication that short term gains are ever going to be replaced by long term ones. The climate change issue is the prime example for that. Everyone knows long term it's bad, but who cares? We need those stocks to go up!
Now you're shifting the goal post. I specifically speak about profit not about some other arbitrary goal. Capitalism (like any economical system) isn't going to magically fix everything (i.e. climate).
edit: clarify