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Portugal’s bid to attract foreign money backfires as rental market goes ‘crazy’
(www.theguardian.com)
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this post was submitted on 31 Jul 2023
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Private ownership is the cause of the corruption.
If the people running the business are also the workers, they’re not going to be anywhere near as likely to steal from themselves as a whole.
So yes, the system matters very fucking much and capitalism is inherently biased towards rewarding selfish behaviour.
Power, be it elected political or imagined religious or violent oppression or capital wealth or community leadership, is the cause of corruption.
Even the workers in highly regulated/managed scenarios not beholden to the modern corruption affecting capitalism still results in power silos that are abused. Ignoring a simple truth like that results in a narrative of political rhetoric rather than an objective discussion that will yield effective ideas that envision long term results.
"Public" ownership does not fix corruption, it just migrates the corruption away from private owners into the now directly empowered gatekeepers in various levels of the business and in the government that controls the organization.
I'm arguing beyond the pigeon hole of just pointing to capitalism as the cause of corruption, there's always corruption.
Looking for a balanced equation built around preserving freedom, enforcing a universal standard of ethics, and negating an opportunity need for corruption that allows the rewarding of selfish behavior is far more useful than just yelling into the sky about capitalism.
What are some implementable solutions to combat corruption while preserving individuals' freedoms?