Originally Posted by La Texican
Money made that possible. Money let people work out how to work togeather. We talk about slave wages now, but remember reading about when it was just slaves with no wages?

Cheap energy made this possible.

Credit and money have been around for thousands of years.

And my point was about the current incarnation of capitalism, not about money or businesses in general.

And it's taken from Jeremy Grantham:

"Damage to the “commons,” known as “externalities,” has been discussed for decades, although the most threatening one—loss of our collective ability to feed ourselves, through erosion and fertilizer depletion—has received little or no attention. There have been no useful tricks proposed, however, for how we will collectively impose sensible, survivable, long-term policies over problems of the “commons.” To leave it to capitalism to get us out of this fix by maximizing its short-term profits is dangerously naïve and misses the point: capitalism and corporations have absolutely no mechanism for dealing with these problems, and seen through a corporate discount rate lens, our grandchildren really do have no value."

http://www.businessweek.com/article...pitalism-our-grandchildren-have-no-value