In daily life, of course, there is no avoiding some version of the principal-agent problem: in every instance, who is really acting in whose best interest? Capitalism-as-usual has crafted a vast and complex network of competitive agents fighting for that almighty dollar. In such a system, participants are routinely faced with economic choices wherein it may not be clear whose best interest is being represented. … Continue reading Bad Faith
Patrimonial capitalism is an unfortunately common state of affairs throughout most of capitalism-as-usual’s history. Due to the laws and regulations in the United States, particularly those regarding inheritance, the amount of familial wealth that gets passed down from generation to generation contributes asymmetrically to those who already have it—the haves. In today’s global economy, the haves will always have more since their more will grow … Continue reading Patrimonial Capitalism
Since capital flow (as in: the ways in which money moves through the systems designed for money to move) is blind to ethics, morals, locality, race, attitude, desire, aesthetics, etc., it is our responsibility to instill and impart these ideas when designing systems within which capital flows. From a programming perspective, greed is a vicious malware that has been embedded into society since the dawn … Continue reading Mitigating Greed
Let’s cut right to the chase: the reality of being an employee is not actually what it’s made out to seem like. Even the inclusion of the idea itself into any business model is the application of shackles to the company’s accounting and financial reporting, their distribution of earnings, the labor contributions from and benefits given to the employee, and the flexibility of the company … Continue reading Exploit-ees
LOPSIII 