Financialization seems to me to be the key issue, also in a general sense.
Everything has been turned from serving its original purpose to serving capitalist interests - ie. making more money for an extremely small upper class. Who cares if millions of people starve or don’t have potable water as long as there’s a profit to be made from turning food into a financial instrument - nevermind that the system no longer actually does what it claims to do, ie “efficiently allocate resources.”
You say as if it weren’t always like that. Because it definitely has always been like that from the dawn of civilization, sadly.
These corporate instruments are quite efficient. Unfortunately you and I just happen to disagree with the rich and powerful about what we should be efficient at doing
See https://www.oxfam.org/en/research/cereal-secrets-worlds-largest-grain-traders-and-global-agriculture
Financialization seems to me to be the key issue, also in a general sense.
Everything has been turned from serving its original purpose to serving capitalist interests - ie. making more money for an extremely small upper class. Who cares if millions of people starve or don’t have potable water as long as there’s a profit to be made from turning food into a financial instrument - nevermind that the system no longer actually does what it claims to do, ie “efficiently allocate resources.”
You say as if it weren’t always like that. Because it definitely has always been like that from the dawn of civilization, sadly.
These corporate instruments are quite efficient. Unfortunately you and I just happen to disagree with the rich and powerful about what we should be efficient at doing