"Social investment" sounds like another terminal phase of the capitalist disease.
It occurs when even the most cynical anarcho-capitalist acknowledges that there isn't any investment left in roads, schools, hospitals, public transport, pensions etc., tax money basically goes to /dev/null, and the fabric of society won't hold much longer if things don't change.
However, the reaction STILL involves the topic invisible hand of the market.
Rather than acknowledging that public investment is required to keep the lights on and keep societies from falling apart, the social investment way expects private investors to pour money into things the government no longer want to do - and, of course, they're expected to act solely on the basis of profitability.
If the idea of private unelected individuals having the power of shitting down hospitals, schools and pension funds on the basis of short-term profitability sounds a lot like the plot of a dystopian cyberpunk novel about late degenerate #capitalism, it's because that's what it is.
https://theconversation.com/the-government-hopes-private-investors-will-fund-social-services-the-evidence-isnt-so-optimistic-218512
Fabio Manganiello /
npub1v7…ukv0u
2023-12-06 08:32:06
Author Public Key
npub1v78mmuz20p6qd6nve30axhqu74avwn4f6z4grhug7755rat7wh3syukv0uPublished at
2023-12-06 08:32:06Event JSON
{
"id": "eb03c6ecc840efa294b1d53fbbe1ea8abef08dd3645403c301b086c8fdf04d2c",
"pubkey": "678fbdf04a787406ea6ccc5fd35c1cf57ac74ea9d0aa81df88f7a941f57e75e3",
"created_at": 1701851526,
"kind": 1,
"tags": [
[
"t",
"capitalism"
],
[
"proxy",
"https://social.platypush.tech/users/blacklight/statuses/111532541625261313",
"activitypub"
]
],
"content": "\"Social investment\" sounds like another terminal phase of the capitalist disease.\n\nIt occurs when even the most cynical anarcho-capitalist acknowledges that there isn't any investment left in roads, schools, hospitals, public transport, pensions etc., tax money basically goes to /dev/null, and the fabric of society won't hold much longer if things don't change.\n\nHowever, the reaction STILL involves the topic invisible hand of the market.\n\nRather than acknowledging that public investment is required to keep the lights on and keep societies from falling apart, the social investment way expects private investors to pour money into things the government no longer want to do - and, of course, they're expected to act solely on the basis of profitability.\n\nIf the idea of private unelected individuals having the power of shitting down hospitals, schools and pension funds on the basis of short-term profitability sounds a lot like the plot of a dystopian cyberpunk novel about late degenerate #capitalism, it's because that's what it is.\n\nhttps://theconversation.com/the-government-hopes-private-investors-will-fund-social-services-the-evidence-isnt-so-optimistic-218512",
"sig": "8fb408998b5630cc28c4a07a6dc7f6bdef60c68292d1330e2c4505ef3a35121f53ad56a689fa12a56dcec5d3b3766983e7dc63ed22e0a75e7d45e530186b2c05"
}