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The Capitalist Economy and its Prosthetics
Necessity, Evolution and Dilemmas of a Brotherhood, Edition transcript 13
ISBN/EAN: 9783837672787
Umbreit-Nr.: 3410917
Sprache:
Englisch
Umfang: 532 S.
Format in cm:
Einband:
kartoniertes Buch
Erschienen am 15.06.2024
Auflage: 1/2024
- Zusatztext
- Notwithstanding its ruthless dynamics, the capitalist economy has the flaw of deficient employment-generating spending. This leads to unemployment of non-owners, individual suffering, social unrest and it undermines military strength. To deal with these issues, states use prosthetic policies, artificial transfers to the productive economy and to non-owners. But the funding of such prosthetic policies - through violent wealth appropriation abroad, protectionism, war, domestic expropriation and taxation, debt and money creation - is caught in dilemmas, while politicians are caught between non-solutions. According to Gerhard H. Wächter, the history of capitalist society is largely the history of this dilemmatic brotherhood.