The Contradiction at the Heart of Capitalism | Brett Scott
Brett Scott, the monetary writer and former finance-sector insider who publishes the Substack Altered States of Monetary Consciousness, argues that liberal capitalism issues two incompatible instructions at once: outcompete everyone, and also be a good person who cares about the unemployed and the environment. Discussing his essay Making Capitalism Bad Again, Scott places the good-capitalism scene within the older tradition of liberal reformism, in which elites alleviate the system’s damage rather than change it, and points to ESG investing, social finance and the philanthropic posture of figures like Bill Gates as its current forms. He describes spending two years working inside the financial sector as a deliberate anthropological experiment, and his irritation at being labeled a reformed banker afterward. Pinchbeck raises Grace Blakeley’s writing and the collapse of liberal media framing.