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It’s possible to have extractive industries that don’t e.g., wantonly destroy ecosystems
Sure it is though ethical businesses are the exception, not the rule.
The superordinate necessity in Capitalism is to grow, become richer, bigger, (faster).
Regulation can limit this to a degree yet that is considered by many capitalist as state interference.
skydancer-
Regulation can limit this to a degree yet that is considered by many capitalist as state interference.
I think it's actually pretty mainstream to acknowledge that capitalism depends on strong regulation.
Despite the noisy neocon minority, it should be obvious that capitalism depends on the state and its laws, because it depends on property rights and contracts being enforceable in court.
The fact that the broadly-sane "minimal effective regulation" position easily blurs into the questionable "minimal regulation" one and thence into the crazy "no regulation" which is mostly just a smokescreen for corruption doesn't help, admittedly.
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The superordinate necessity in Capitalism is to grow, become richer, bigger, (faster).
Consumerism, yes, capitalism, no.
The fundamental concept behind capitalist economic models is to maximise value. Value is measured in financial terms, but what constitutes value depends on the viewpoints of the members of the state in question. Capitalism is merely a system which allows supply and demand to be determined primarily by the free market and economic forces, subject to state intervention through taxes, regulations and social welfare systems, rather than a centralised command and control economy, where supply is determined politically and demand is told to go fuck itself.
useless
Brommers
I’d venture that it’s corporatocracy run amok rather than an intrinsic problem with capitalism.
It’s possible to have extractive industries that don’t e.g., wantonly destroy ecosystems or routinely screw over smaller players (like the Michigan municipalities in your link). It’s just that there has been a decades long trend in which the system increasingly incentivises corporations to do whatever it takes to generate higher profits, while also failing to adequately penalise said corporations (and the decision makers within them) when they break the law. The great trick is that the system can be re-designed, but the players in power have no incentive to do so.