Difference between revisions of "Capitalism"
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==Context== | ==Context== | ||
| − | * [[Capitalism]] as been through a wide range of interpretations and manifestations since David Hume and Adam Smith. <ref>Adam Smith, ''An Inquiry into the Nature and Causes of the the Wealth of Nations'' (1776-03-09) Went through 5 revisions, some major. A Translation into Modern English, Industrial Systems Research, 2015. ISBN 978-0906321706</ref> defined an alternative to the zero sum politics of the Feudal age. They were right and an age of capital growth began that has itself gone through many iterations, but remains the dominant way for humans to organize themselves. | + | * [[Capitalism]] as been through a wide range of interpretations and manifestations since David Hume and Adam Smith. <ref>Adam Smith, ''An Inquiry into the Nature and Causes of the the Wealth of Nations'' (1776-03-09) William Strahan publisher Went through 5 revisions, some major. A Translation into Modern English, Industrial Systems Research, 2015. ISBN 978-0906321706</ref> defined an alternative to the zero sum politics of the Feudal age. They were right and an age of capital growth began that has itself gone through many iterations, but remains the dominant way for humans to organize themselves. |
* For most of this new age of capital, the capitalists consider themselves to be an integral part of society that shared in the burden of making the entire society healthy. | * For most of this new age of capital, the capitalists consider themselves to be an integral part of society that shared in the burden of making the entire society healthy. | ||
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==Problems== | ==Problems== | ||
The primary problem with [[Capitalism]] is human nature. Some capitalists, including Henry Ford were benign despot that understood that they could not succeed unless society, as a whole, succeeded. Others were less altruistic, but were not the dominant breed of capitalists. | The primary problem with [[Capitalism]] is human nature. Some capitalists, including Henry Ford were benign despot that understood that they could not succeed unless society, as a whole, succeeded. Others were less altruistic, but were not the dominant breed of capitalists. | ||
Revision as of 09:41, 14 May 2021
Full Title or Meme
Ever since Milton Freeman Capitalism has been primarily a widely distributed Ponzi Scheme.
Context
- Capitalism as been through a wide range of interpretations and manifestations since David Hume and Adam Smith. [1] defined an alternative to the zero sum politics of the Feudal age. They were right and an age of capital growth began that has itself gone through many iterations, but remains the dominant way for humans to organize themselves.
- For most of this new age of capital, the capitalists consider themselves to be an integral part of society that shared in the burden of making the entire society healthy.
Problems
The primary problem with Capitalism is human nature. Some capitalists, including Henry Ford were benign despot that understood that they could not succeed unless society, as a whole, succeeded. Others were less altruistic, but were not the dominant breed of capitalists.
- As corporations, and governments, because larger and more unweidly, bureaucrats were brought into "manage" the enterprise. Starting with Bismarck
- The major villain in this story is Milton Friedman of the Chicago School of Economics
Solutions
- Adam Smith
- John Maynard Keynes
References
- ↑ Adam Smith, An Inquiry into the Nature and Causes of the the Wealth of Nations (1776-03-09) William Strahan publisher Went through 5 revisions, some major. A Translation into Modern English, Industrial Systems Research, 2015. ISBN 978-0906321706
