Unfettered Capitalism

I created a post yesterday, which has taken off at LinkedIn:

Unfettered Capitalism is a major contributor to homelessness. Universal Basic Income may provide relief but does not ‘fix’ homelessness. Whilst mental illness is a contributing factor to many homeless, as is drugs addiction, requirements for employment and housing is a marked barrier to recovery: proof of income, adequate credit, and rental history requirements hobble the fortuitous homeless. Misguided policy around mental illness and addiction drive in the last nails. Foucault may have also had a thing or two to say about the prevailing headwinds.

Bry Willis – LinkedIn

Typically, I segment my social commentary as such:

  • WordPress: Philosophical & Sociopolitical
  • Facebook: Personal & Political
  • LinkedIn: Professional
  • Twitter: Who knows
  • Pinterest: Random
  • Tumblr: Music
  • YouTube (1): Philosophical
  • YouTube (2): Music
  • Link Tree: All Links: https://linktr.ee/microglyphics

And given, I’ve been a professional economist, occasionally, I post economics content on LinkedIn, though not often.

I received a lot of positive support and feedback, but there are the diehard apologists chiming in to defend this system. A defensive reaction to a polite antagonist was:

Wearing my economist and consultant chapeau, specificity is my key contention. My comment is that this is a complex problem, and humans have a poor track record at solving complex problems. Part of the problem in dealing with complexity is one of understanding boundaries; the other problem is identifying the right dimensions. In my original comment, I point out that, fundamentally, medical science does not understand pain or pain management, and government unnecessarily views these people through a moral lens, and so their solutions are misguided. In this particular use case, poverty and homelessness are a result.

This is not the right forum to debate this, but, categorically, drugs policies in the US, at least in the Kensington area in Philadelphia, are likely the prime contributors to the problem of homelessness.

It’s been a long day, so I’ll reserve commentary for some other day.

2 thoughts on “Unfettered Capitalism

  1. If you offer a theory on why we have this or that social problem, best have solid proof, because plenty will disagree with you. It is useful to hedge, however. Just don’t put in so many qualifiers as to render your “theory” void of concrete content.

    Me, I blame everything on the Big Bang. Prove me wrong.

    Like

  2. One will never have solid proof about a social problem because ‘society’ is not a scientific entity. It is complex, and humans are abysmal at understanding complexity.

    ► ‘Prove me wrong.’

    Why would I care to do that? Why would I presume a Big Bang even exists or happened? 😉

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