Post by midcan5 on Apr 19, 2016 17:41:14 GMT -5
If capitalism were like physical science and operated within the constraints of laws, it could be studied in a scientific manner, instead Cap is simply whatever the person claiming it is, using it as this person does is simply gobbledygook as explanation. Excessive regulation is always the boogeyman and yet it isn't very hard to see what happens without it and a strong enforcement agency. These professors live in a bubble so dense no light escapes. A few more interesting pieces below.
'Who owns the earth?'
Private land ownership is a beautiful dream gone badly wrong. It’s time to reinstate the forgotten ideal of the commons
aeon.co/essays/is-it-time-to-upend-the-idea-that-land-is-private-property
aeon.co/conversations/is-our-attachment-to-private-property-the-root-of-our-environmental-problems
Limits Of *Capitalism
worldaftercapital.gitbooks.io/worldaftercapital/content/part-two/Limits.html
Astrology and their biggest fans, Economists
aeon.co/essays/how-economists-rode-maths-to-become-our-era-s-astrologers
"Capitalism is the ownership and use of the concrete but dynamic elements in a society - what is commonly known as the means of production. A capitalist is someone who produces more capital through the production of the means he owns. This necessitates the periodic reinvestment of part of the capital earned into the repair, modernization and expansion of the means. Capitalism is therefore the ownership of an abstraction called capital, rendered concrete by its ownership of the means of production, which through actual production creates new capital.... However, capitalism as conceived today tends to revolve around something called the profit motive, even though profit is neither a cause of capitalism nor at the heart of the capitalist action. Profit is a useful result of the process, nothing more. As for the ownership of the means of production, this has been superseded by their management. And yet, to manage is to administer, which is a bureaucratic function. Alternately, there is a growing reliance upon the use of capital itself to produce new capital. But that is speculation, not production. Much of the development of the means of production is now rejected as unprofitable and, frankly, beneath the dignity of the modern manager, who would rather leave such labour and factory-intensive "dirty" work to Third World societies. Finally , the contemporary idea of capitalism grandly presents "service" as its new sophisticated manifestation. But the selling of one's own skills is not a capitalist art. And most of the jobs being created by the service industries are with the exception of the high-technology sector descendants of the pre-eighteenth-century commerce in trade and services." p360 'Voltaire's Bastards: The Dictatorship of Reason in the West' John Ralston Saul
"Under capitalism, man exploits man. Under communism, it's just the opposite." John Kenneth Galbraith
'Who owns the earth?'
Private land ownership is a beautiful dream gone badly wrong. It’s time to reinstate the forgotten ideal of the commons
aeon.co/essays/is-it-time-to-upend-the-idea-that-land-is-private-property
aeon.co/conversations/is-our-attachment-to-private-property-the-root-of-our-environmental-problems
Limits Of *Capitalism
worldaftercapital.gitbooks.io/worldaftercapital/content/part-two/Limits.html
Astrology and their biggest fans, Economists
aeon.co/essays/how-economists-rode-maths-to-become-our-era-s-astrologers
"Capitalism is the ownership and use of the concrete but dynamic elements in a society - what is commonly known as the means of production. A capitalist is someone who produces more capital through the production of the means he owns. This necessitates the periodic reinvestment of part of the capital earned into the repair, modernization and expansion of the means. Capitalism is therefore the ownership of an abstraction called capital, rendered concrete by its ownership of the means of production, which through actual production creates new capital.... However, capitalism as conceived today tends to revolve around something called the profit motive, even though profit is neither a cause of capitalism nor at the heart of the capitalist action. Profit is a useful result of the process, nothing more. As for the ownership of the means of production, this has been superseded by their management. And yet, to manage is to administer, which is a bureaucratic function. Alternately, there is a growing reliance upon the use of capital itself to produce new capital. But that is speculation, not production. Much of the development of the means of production is now rejected as unprofitable and, frankly, beneath the dignity of the modern manager, who would rather leave such labour and factory-intensive "dirty" work to Third World societies. Finally , the contemporary idea of capitalism grandly presents "service" as its new sophisticated manifestation. But the selling of one's own skills is not a capitalist art. And most of the jobs being created by the service industries are with the exception of the high-technology sector descendants of the pre-eighteenth-century commerce in trade and services." p360 'Voltaire's Bastards: The Dictatorship of Reason in the West' John Ralston Saul
"Under capitalism, man exploits man. Under communism, it's just the opposite." John Kenneth Galbraith