The tragic trait of corporate capitalism

It can be noticed that most of the assumptions of the greed-driven capitalism are founded on economic fundamentalism. It is also worth noting that the technique of cognition that the ‘think tanks’ of ‘capitalism’ adopt, is unscientific. Scientific method is to draw conclusions from critically observed facts and factors, mostly on the predominance of probability. This process must be done with detachment, and humility. It is always essential to remain ready to modify its technique and assumptions in the light of the realities which emerge from moment to moment. The tragic trait of the economists working for ‘capitalism’ is that they “choose their assumptions to fit their conclusions”, and try to convince people, through ‘computer simulations’, the economic benefits of the structures they build without taking into account the immanent Uncertainty Factor that operates in all the spheres of thoughts and actions. This is the consequence of the fact that our technology has not been able to factorize MAN. Man is still an indeterminate equation. The tragic trait of the corporate capitalism is its failure to realize that its structure, and also assumptions, might break to pieces, as had happened to the image in Nebuchadnezzar’s dream: Daniel says—
“The image’s head was of fine gold, his breast and his arms of silver, his belly and thighs of brass, his legs of iron, his feet part of iron and part of clay.”
(by Shiva Kant Jha)


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