Wednesday, September 6, 2023

Crack-Up Capitalism by Quinn Slobodian

Is capitalism synonymous to greed?

The hunger for getting rich keeps looking for new pastures to keep feeding itself. Out of the devices it propose with the own vested interests is the idea of a free market which is expected to present itself for exploitation with nothing in return. Avoiding taxes, and not paying the right wages is part of the plan, and the greed attracts greed. There will be people out there who will respond to it out of desperation sometimes termed as mutual benefit to give the free run to anyone who wants to have an open field with no restriction, and willing to pay anyone who can be an accomplice.

This led to a lot of countries creating SEZs (Special Economic Zones) which are directly or indirectly catered with providing resources, no legal binding, tax havens/exemption or even no tax. These offers are called the lure for the business while this is the other way round.

Exploitation of natural resources, and people without any liability is the name of the game. The action doesn't matter as long as it serves the end goal for such strategies, and everything else is a collateral damage.

Peace

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