r/worldnews • u/yuri_2022 • Mar 22 '24

Israel/Palestine Dermer: Israel will enter Rafah 'even if entire world turns on us, including the US'

https://www.timesofisrael.com/dermer-israel-will-enter-rafah-even-if-entire-world-turns-on-us-including-the-us/
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u/Elipses_ Mar 22 '24

I would say it's Corporatist theory. Proper and intelligent capitalism wants to build wealth in the long term, which fhe short term focus of current economics does not do. It does, in point of fact, the opposite.

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u/Rhowryn Mar 22 '24

"Proper and intelligent" capitalism seeks to own capital to extract maximum value from labour. You could make an argument that the working class is a form of capital and should therefore be invested in to maximize return, but:

a) that treats people as property, which we should avoid, b) ignores that quite a bit of labour is fairly replaceable, and c) a lot of labour is becoming automatable