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Discussion on: Discussing the launch of Libra, "A new global currency"

 
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Jordy Lee

Agree 100% in that capitalism's toxicity has passed the point of no return. Though the OP of this comment is correct in stating that the premise of capitalism is it ostensibly "benefits" society when people are incentivised to act selfishly (this is the sentiment pushed by capitalism purists).

The problem with this narrow-minded view is it's treated like a fundamental law by economists even though it's very clearly flawed. Just look at climate change contributing to the massive bushfires in Australia or the huge inequality gap in 2020 (there were ~150 billionaires in the 1990s; today there are ~2500, but the quality of life for most people has not moved), to see how people acting selfishly really just destroy society in the long run.

On that note, I'm happy to take advantage of Facebook's other open-source contributions (e.g. React) but I would never contribute to or use Libra - purely for moralistic reasons.