The Capitalist Economy and its Prosthetics
Necessity, Evolution and Dilemmas of a Brotherhood
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, 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.
Keywords
Capitalism; Capitalist Economy; Prosthetics; Money Creation; Economy; Politics; Economic Sociology; Economic Theory; Systems TheoryDOI
10.14361/9783839472781ISBN
9783839472781, 9783837672787, 9783732872787, 9783839472781Publisher
transcript VerlagPublisher website
https://www.transcript-verlag.de/Publication date and place
Bielefeld, 2024Series
Edition transcript, 13Classification
Sociology
Economic theory and philosophy