The Capitalist Economy and its Prosthetics
Author | : Gerhard H. Wächter |
Publisher | : transcript Verlag |
Total Pages | : 620 |
Release | : 2024-07-31 |
ISBN-10 | : 9783732872787 |
ISBN-13 | : 3732872785 |
Rating | : 4/5 (87 Downloads) |
Download or read book The Capitalist Economy and its Prosthetics written by Gerhard H. Wächter and published by transcript Verlag. This book was released on 2024-07-31 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.