Yes, and no. First the yes part.
Yes, hate the players
We have all heard Presidential candidate Bernie Sanders rattle the numbers about the severe societal downside of capitalism, with empirical evidence to prove something is painfully broken. With such recognition in mind, the above slide which displays the repetitive sale and handoff of a single company to yet another financier may give you a new perspective on the false proliferation of the upside of capitalism, with financial engineering yielding disproportionate valuations in conflict with the intrinsic value of the investible asset. The slide above, depicting the regurgitation of massive billion-dollar valuations, does not manage to pass our financial smell test.
But we are the players of the game we invented
Capitalism, the version we deploy in The United States today violates the most rudimentary principles of freedom, and beyond paralyzing who it tags as have-nots, has led to an oligarchic rejection of its renewal. Hence, we now perpetuate an assignment of wealth no longer based on socioeconomic value but instead based on the regurgitation of monetary up-selling to ourselves. The size of which has now ballooned to eleven times the size of production as a contribution to GDP, that has turned our society into a hydrocephalus of finance, losing all but make-believe value-creation up to “less fortunate” societies.
No, do not hate the game
Now the no part. To say that all capitalism is wrong because our current implementation is, would be like claiming soccer is a dangerous sport because the players in a single heated match destroy the game by defying its rules.
Let me remind you, capitalism is merely a value-system with a remuneration of value delivered with a note worth less than the printed value on the bill. Capitalism is nothing more than a trusted way of compensation, eroding in value only in so much as the value of such trust is eroded. And when the referee in soccer does not enforce the rules of soccer, the game turns bad. In the same way, capitalism turns bad by us not establishing and deploying the preeminent rules of freedom at the foundation of capitalism.
A higher-order fix
Our version of capitalism is merely one example of why the operating-systems of humanity must be subjugated to new rules of the road. All our systems fail because of the same reasons; I am “pleased” to have discovered. For it means our systems can all be fixed with a single set of foundational principles, borrowed from evolution, which addressed how they too must evolve to serve us better. For in the words of Albert Einstein, the theory (read: system) determines what can be discovered.
