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- "Sick" is relative. Also
2 weeks 2 days ago - More evidence
4 weeks 3 days ago - LOLbservational selection
4 weeks 4 days ago - Additional details
4 weeks 5 days ago - Again, you're being too biased in favor of humans
4 weeks 5 days ago - Nonsense
4 weeks 5 days ago - You are too biased in favor of the human race
4 weeks 5 days ago - What a Silly Question
4 weeks 5 days ago - And......?
4 weeks 5 days ago - The Main Point
4 weeks 5 days ago
Agitate!
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Why Capitalism is Bad for Humanity, Part 1,000,000,000,000,000,000...
It isn't difficult to see why the capitalist class likes the status quo so much (and the BushCo that ensures that it does). They get to make private bets with public money. They profit; we suffer.
As usual, Paul Krugman explains it neatly:
But while our out-of-control financial system has been bad for the country, it has been very good for wheeler-dealers, who collect huge fees when things seem to be going well, then get to walk away unscathed — indeed, often with large severance packages — when things go wrong. They don’t want regulations that would stabilize the economy but cramp their style.
We don't people vote for their interests? *sigh*
We are doomed to live before the revolution, and so must ask these questions. What is wrong with us?
- By Professor Shortell at May 5 2008 - 5:17pm
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I'm wondering if they have any evidence for their categorisation. Why for instance isn't the US seen as heading in the direction of oligarchic capitalism? Why hasn't he considered the "curse of oil" problem? Where do the Scandinavian countries fit into this schema? It seems like of of hand waving to me.
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Which political economy is most viable will depend on when (or whether) the era of general growth comes to an end and issues of allocation become more salient than issues of production. Since it looks like the human population will probably crash over the next century, I'm guessing that the most relevant model for economics will be musical chairs.
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