This post is a slight, but important, detour from my usual posts about startups. Today, I watched the documentary Zeitgeist: moving forward. Even though I may not fully agree with the proposed solution, the problems and current flaws of free markets are very real and left a deep impression on me. If you care about the world, do watch the movie once. Here’s what the movie proposes:
Abolishment of money. Collapse of mindless consumption and materialism. End of profit-maximization at nature’s expense.
We humans are too narrow minded to comprehend the fact that the current system isn’t sustainable. The false hope that free markets will eventually take care of us all is a myth. Have they taken care of hungry, dying children in Africa? Have they taken care of species on brink of extinction? Do they really believe Earth’s resources and oil is endless?
But free markets are getting bailed out. Trillions of dollars spent on bailing them out can be spent curing poverty and hunger, but who will do that? Government officials take a narrow view of their 4 or 5 year term.
Who will think ahead and see if the current system of free-markets, consumption and wastage is sustainable till, say, 2050? If we don’t act today to stop the stupidity, who will?
Sadly, there may not be a tomorrow if we don’t act.