Skip to comments.Philosophy Prof Misreads Capitalism
Posted on 03/18/2011 7:41:19 AM PDT by Academiadotorg
In the latest issue of The Chronicle Review, a professor from Adelphi University shows why it is dangerous to avoid the advice of conservative author and activist David Horowitz. Horowitz usually points out the danger of professors speaking on subjects that they are not credentialed in.
Capitalism has been around for so many generations now, proving its vitality by displacing or absorbing all other social systems around the globe, that it seems a part of nature, irreplaceable, Paul Mattick points out in The Chronicle Review. But its historical limits are visible in its inability to meet the ecological challenges it has produced; to generate enough growth to profitably employ the billions of people accumulating in slums in Africa, South America, and Asia, along with growing numbers in Europe, Japan, and the United States; and to escape the dilemma of dependence on a degree of state participation in economic life that drains money from the private enterprise system.
Just as the Great Recession has demonstrated the limits of the means set in place during the last 40 years to contain capitalisms tendency to periodic disaster, it suggests the need finally to take seriously the idea, as the saying goes, that another world is possible.
Actually, the fact that slums are easier to find than free markets in the continents Mattick names should give one pause. Even in supposedly capitalist countries, such as South Africa and the former Rhodesia when both were under European rule, the governments there relied heavily on so-called parastatals, or companies effectively run by the government.
He also has the displacement backwards, and Africa is a good example of same. Despite the protestations of generations of despots on the continent, socialism is not a natural outgrowth of Africas heritage.
(Excerpt) Read more at academia.org ...
I haven’t read this professor’s dissertation, but if the citation indicates his economic literacy and/or leanings, he is little more than another cheerleader for Third Wave socialism, which, tellingly, is far more discredited as a viable economic model than capitalism.
The idiot professor Mattick makes the usual leftist mistakes and errors of omission in fingering capitalism as the culprit for the recent financial disaster. It was Big Government meddling and not private industry that caused the disaster.
speaking of “ecological challenges”
remember when germany spent billions
cleaning up the soviet eco mess in east germany?
Some people have more capability than others and will wind up with most of the pie in Darwinian competition. The economic philosophy is simple. Greed is good. Sharing with others is not. Power rules.
Why send a kid to college? This is just insane leftist drivel.
Capitalism is judged to have failed in places where it has never truly existed, but socialism is somehow never viewed as a failure, even in places it has already destroyed.
Speaking of Jabba the Hut, I wonder if Moore laughs himself silly after he delivers his anti-capialism tirades before the throng of leftist robots he addresses? Here’s a multi-millionaire talking down capitalism, the system that allows him to indulge in his ridiculous ventures.
That’s capitalism, not capialism.
Milton Freeman eloquently pointed out that Capitalism WAS NOT a cure for all the world’s ills. Some things are beyond economics.
“Another world is possible” - Shaka Zulu was a socialist.
I know. One of my wife’s ancestor’s rebelled against him.
No wonder he is anti capitalism.
This is quotable. Concisely stated.
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