Capitalism Needs Empathy

Empathy

Scott Galloway argues that capitalism's survival hinges on empathy, suggesting that without it, the system collapses. He emphasizes that empathy involves wealthy individuals not taking unnecessary stimulus and helping others, even those they may never meet. Galloway states, "Capitalism can't survive unless it sits on a base of empathy, regardless than a comity of man. And we have demonstrated very little." 1 This lack of empathy, he believes, is evident in the current societal reluctance to make sacrifices for the greater good.

   

Responsibilities

Galloway highlights the societal responsibilities of the wealthy in maintaining equitable capitalism, noting that the current system disproportionately benefits the top 1%. He criticizes the pandemic response for further enriching the already wealthy, stating, "We have figured out a way, fiscally to play this pandemic like a goddamn Stradivarius violin and figure out a way to get wealthy people wealthier." 2 Galloway calls for a return to a form of patriotism that involves sacrifice and collective effort, reminiscent of past crises like World War II.