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The Capitalist Economy and its Prosthetics: Necessity, Evolution and Dilemmas of a Brotherhood
[monograph]
Abstract 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, artifi... view more
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.... view less
Keywords
capitalism; economy; politics; economic sociology; economic theory; system theory; money creation
Classification
Economic Policy
Free Keywords
Capitalist Economy; Prosthetics
Document language
English
Publication Year
2024
Publisher
transcript Verlag
City
Bielefeld
Page/Pages
532 p.
Series
Edition transcript, 13
DOI
https://doi.org/10.14361/9783839472781
ISSN
2702-9077
ISBN
978-3-8394-7278-1
Status
Published Version; reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works 4.0