The Capitalist Economy and its Prosthetics : Necessity, Evolution and Dilemmas of a Brotherhood

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Title

The Capitalist Economy and its Prosthetics : Necessity, Evolution and Dilemmas of a Brotherhood

Subject

Economy

Description

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.

Creator

Wächter, Gerhard H.

Source

https://directory.doabooks.org/handle/20.500.12854/138479

Publisher

transcript Verlag

Date

2024

Contributor

wulan

Rights

https://creativecommons.org/licenses/by-nc-nd/4.0/

Format

pdf

Language

English

Type

pdf

Identifier

10.14361/9783839472781

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