The Capitalist Economy and its Prosthetics

Released on by Gerhard H. Wächter
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  • The Capitalist Economy and its Prosthetics Book Detail

  • Author : Gerhard H. Wächter
  • Release Date : 2024-05-31
  • Publisher : transcript Verlag
  • Genre : Social Science
  • Pages : 533
  • ISBN 13 : 3839472784
  • File Size : 53,53 MB
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The Capitalist Economy and its Prosthetics by Gerhard H. Wächter PDF Summary

Book Description: 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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The Capitalist Economy and its Prosthetics

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