Saturday, April 20, 2013

Thinking caps on

Capitalism needs rethinking but what are the options?

Building financial wealth on unsustainable or unjust use of human, social or natural capital must change.

Posted by dill @ 11:31 AM (1771 views)
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9 thoughts on “Thinking caps on

  • mark wadsworth says:

    Georgism.

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  • Capitalism has needed ‘rethinking’ for a long time, but it hasn’t been, and won’t be either, because ‘capital’ holds monopoly over the entire political narrative in Britain.

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  • @2 tick tock

    There it is. Monopolism and not capitalism. That needs to change. And, by the entity, it will.

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  • stillthinking says:

    More defining terms of the debate. Is the UK in the grip of capitalism?

    I think not.

    The state workers sheet is all about defining how companies should behave, while ignoring the fact that very few people want to invest in failed socialist countries.

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  • OK, I should have clarified – what is currently accepted as being ‘capitalism’ has needed rethinking for a long time.

    Dill – IMHO Monopoly is inevitable in an advanced market economy, Sometimes overt, more often covert, but inevitable all the same. It is but a natural consequence of growth.

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  • MW @1 +1

    Nearly all the best classical economists warned on this co-option of capitalism to monopoly interests; Adam Smith, David Ricardo and Henry George.

    Henry George had the answer

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  • Stillthinking, the ‘real’ capitalism/socialism debate does raise it’s head once in a while. If we don’t (or never had) have ‘real’ capitalism, then by the same rationale we have never had ‘real’ socialism. I don’t see much point in blaming ideologies as in reality we only ever have a state-captured version of any ideology, which inevitably ends up with feathering of the elite’s nests.

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  • stillthinking says:

    I didn’t notice much socialism, probably I typed without thinking. I am already a convert to the parasitic government state workers bleeding us to death point of view. Coincidentally I feel I have to describe “state workers”, actually should be “members of the state”.

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  • Yep. Georgism.

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