| View Blog
|
|
|
Capitalism is not about universal prosperity, unless this can serve to maximize the
profit-seeking needs of capital. Universal prosperity can serve to increase demand
for goods, but it also serves to increase the supply of labor, and so on, one of which
serves to increase inflationary pressures, the other serving to counter inflationary
pressures. Equilibrium is always unsettled and uncertain, and always unpredictable.
As long as there is private property in land and resources, supplies are always both
unknown and unpredictable. As long as there is private property in land and in
resources, supplies of goods are not public knowledge. Supplies can be artificially
removed from the market. Profiteering and competitive capitalism is not a rational or
efficient form of political-economy.
"Our industrial civilization, both in the socialist and in the capitalist areas of the
industrialized world, has led to an ever-increasing neglect of man. Man has become
alienated from his work, from his fellowman, and from himself; he transforms himself
into a thing, occupied with production and consumption. Unconsciously he feels
anxious, lonely, and confused, because he has lost the sense of the meaning of life
and the conviction of who he is and what he lives for."
-- Erich Fromm, 1965 |
|
Posted by rallen2 on 2008-03-16 13:22:54 | Rating: | Views: 26
|
| |
|
|
