-Ra- wrote:Ifreann wrote:Capitalism is an economic mode of production under which a relative handful of individuals own the means of production and use them to accumulate wealth. As such, individuals who profit from environmentally damaging industries are incentivised to continue to damage the environment and to cover up the fact that they are damaging the environment.
That is not what capitalism is and you do not understand what capitalism means. Capitalism is, and I quote, "an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state." Capitalism says nothing about a "relative handful of individuals" or whatever nonsense the left cooks up. The florist down the street is as much a capitalist as the Fortune 500 CEO.
Your premise is incorrect as well. As people become more aware of environmental harm and resources like oil begin to grow scarce, businesses will adapt to cater to more environmentally-conscious markets. They are only incentivised if it is profitable, and environmental exploitation isn't necessarily profitable.
It's profitable to cut corners for short-term benefit and exploit people for their labor, so that's what capitalists do.
Didn't you just admit the Chinese were state-capitalists? You really know nothing about leftism if you think the PRC is communist.