The Capitalist Economy and its Prosthetics

The Capitalist Economy and its Prosthetics
Author :
Publisher : transcript Verlag
Total Pages : 533
Release :
ISBN-10 : 9783839472781
ISBN-13 : 3839472784
Rating : 4/5 (784 Downloads)

Book Synopsis The Capitalist Economy and its Prosthetics by : Gerhard H. Wächter

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 2024-05-31 with total page 533 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.


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