The Capitalism Delusion
I
despair at the state and quality of economic debate these days. Time
and again we are subjected to editorials, debates and conference
discussion forums in which progressive elites assure us that
‘Capitalism’ is terminal, having been once and for all irrefutably and
devastatingly discredited. For these progressive intellectuals, the
current global financial crisis is an ideological godsend, akin to the
mainstream Right’s revelry in the collapse of the Soviet Union.
In almost every instance I’m referring to, Capitalism is defined as the unfettered free market system. This is perfectly fine as it goes, but this is not the source of my despair. My despair lies with the utterly false misconception that the system that fostered the global economic crisis was a capitalistic one. That is, to argue that the unfettered free market was responsible for our present crises is to completely miscomprehend the nature of our political economy and the set of conditions that precipitated near total financial calamity.
Mais
In almost every instance I’m referring to, Capitalism is defined as the unfettered free market system. This is perfectly fine as it goes, but this is not the source of my despair. My despair lies with the utterly false misconception that the system that fostered the global economic crisis was a capitalistic one. That is, to argue that the unfettered free market was responsible for our present crises is to completely miscomprehend the nature of our political economy and the set of conditions that precipitated near total financial calamity.
Mais
Nenhum comentário:
Postar um comentário