What Can Be Done with Today’s Capitalism?
If today’s “capitalism” isn’t working for so many folks, what can be done to fix it? Here’s what can be done with today’s capitalism on Queer Money. Start your journey to financial independence by getting rid of any credit card debt with the free, 7-Step Credit Card Debt Slasher.
What is wrong with Capitalism today?
Last week, we debated the merits of capitalism versus anti-capitalism. And to our surprise, we shared a lot of opinions and beliefs with our anti-capitalist guests regarding the flaws in our existing system. But if the current system of capitalism isn’t working for so many folks, what can be done to fix it?
Hadassah Damien is the economics researcher and financial consultant behind Ride Free Fearless Money and cohost of Bottom Lines Top Dollars, a podcast about money by queer creatives in finance.
On this episode of Queer Money®, Hadassah is back to discuss how we might build a new economic system around the ideas of relationship and responsibility, describing how we might incentivize both social and financial returns. Hadassah explains how a universal basic income would allow more people to do jobs they enjoy and explores economic models in the EU that provide greater autonomy because they take care of basic human needs.
Listen in for Hadassah’s insight on how companies can do good and make money and find out what you can do on a personal level to advocate for the change you want to see in the world.
Listen in on the discussion about fixing today’s Capitalism:
Topics Covered
- The MLK quote re: America’s socialism for the rich and rugged individualism for the poor
- How Hadassah thinks about people gaming any economic system we might build
- Combining the functional elements of capitalism (innovation, autonomy) with a safety net
- How we might build a new economic system around indigenous ideas of relationship and responsibility
- The argument that the economic system we live in is a perversion of capitalism
- What we might do to incentivize both social and financial returns
- The concept of a triple bottom line that measures a company’s social and environmental impact as well as its financial returns
- How universal basic income would allow more people to do jobs they enjoy
- Economic models in the EU that provide more autonomy because they take care of basic human needs
- Hadassah’s challenge to identify your values, find work you’re interested in and advocate to get paid a living wage for it
- The B Corp business model for doing good in the world and making money
- How to determine if a new economic experiment is moving in the right direction
Previous 3 Podcast Episodes
- A Debate on Capitalism Versus Anti-Capitalism
- How to Calculate Your Retirement Number
- 5 Unique Steps to Reach Financial Independence
Resources
- Chad Nash on Queer Money® EP005
- Crime and Punishment by Fyodor Dostoyevsky
- Black MirrorBraiding Sweetgrass by Robin Wall Kimmerer
- Don’t Pee on My Leg and Tell Me It’s Raining by Judy Sheindlin
- The Theory of Moral Sentiments by Adam Smith
- The Wealth of Nations by Adam Smith
- B Corp Movement
- National Endowment for the Arts
- Tanja Hester on Queer Money® EP305
- CreditWise
- Queer Money Facebook Group
- Subscribe to Queer Money on Apple Podcasts
- Email [email protected]
Connect with Hadassah
Connect with David and John
- Debt Free Guys on Youtube
- Queer Money Facebook Group
- Queer Money on Instagram
- Subscribe on Apple Podcasts
- Email [email protected]
We’re David and John Auten-Schneider, the Debt Free Guys (www.debtfreeguys.com) and hosts of the Queer Money® podcast. We help queer people (and allies) live fabulously not fabulously broke by helping them 1) pay off credit card debt, 2) become part- or full-time entrepreneurs and 3) save and invest for retirement.