>the current financial system is the only known system able to create fortunes big enough that someone is able to donate anything
You mean the current financial system where concentrated wealth yields concentrated power to effect change?
And almost everyone is born into a situation where their wealth & power is insignificant compared to the rare individual who has been the beneficiary of the feature where rapidly or not there is a net flow concentrating resources disproportionately toward those already wealthy & powerful?
Nominally, the traditional result is that the few having most concentrated wealth are the ones capable of effecting the changes they desire, with most everyone else serving these masters in one way or another. With the servant class being highly restricted in their ability to develop personal wealth of their own, much less direct major resources toward independently progressive positive objectives.
I must assume that the current financial system is the same one as that of Genghis Khan.
So naturally there is a long precedent.
Anyway, back on topic not every single artist or engineer serves this type of master, just most of them.
Some create value or enhance wealth, some devalue or destroy, what else is new?
>We could invest in lofty ideas to alleviate starving...
This wise investment was fortunately made starting at just the most opportune time in human history, and has compounded itself remarkably in only a few generations. Many approaches are now well known, only requiring a properly-scalable "seed" committment for their relative degrees of success to be proven on the larger scale.
I guess we need to invest in lofty equitable distribution of resources, especially essential survival commodities.
Creating or spreading surplus value can require a lot of work, but those at the top of the food chain don't really have to do it if they don't feel like it since wealth is flowing their way already.
Plus there is just so much wealth & plenty already which is not having a fraction of the positive effect it could be making.
Sorry but right now I don't have time for full reply. Consider that many problems you listed are caused by regulation (that supports corporations and their interests), not the financial system itself. The same system is used elsewhere with better results.
You mean the current financial system where concentrated wealth yields concentrated power to effect change?
And almost everyone is born into a situation where their wealth & power is insignificant compared to the rare individual who has been the beneficiary of the feature where rapidly or not there is a net flow concentrating resources disproportionately toward those already wealthy & powerful?
Nominally, the traditional result is that the few having most concentrated wealth are the ones capable of effecting the changes they desire, with most everyone else serving these masters in one way or another. With the servant class being highly restricted in their ability to develop personal wealth of their own, much less direct major resources toward independently progressive positive objectives.
I must assume that the current financial system is the same one as that of Genghis Khan.
So naturally there is a long precedent.
Anyway, back on topic not every single artist or engineer serves this type of master, just most of them.
Some create value or enhance wealth, some devalue or destroy, what else is new?
>We could invest in lofty ideas to alleviate starving...
This wise investment was fortunately made starting at just the most opportune time in human history, and has compounded itself remarkably in only a few generations. Many approaches are now well known, only requiring a properly-scalable "seed" committment for their relative degrees of success to be proven on the larger scale.
I guess we need to invest in lofty equitable distribution of resources, especially essential survival commodities.
Creating or spreading surplus value can require a lot of work, but those at the top of the food chain don't really have to do it if they don't feel like it since wealth is flowing their way already.
Plus there is just so much wealth & plenty already which is not having a fraction of the positive effect it could be making.