By David Schweickart
Pdf: two-page test, ocr/fully searchable, now not bookmarked
In After Capitalism, David Schweickart strikes past the normal arguments opposed to globalizing capitalism to give a contribution whatever totally useful and lengthy overdue—a coherent imaginative and prescient of a attainable, fascinating substitute to capitalism. He names the program fiscal Democracy, a successor-system to capitalism which preserves the potency strengths of a industry economic climate whereas extending democracy to the place of work and to the constructions of funding finance. Drawing on either theoretical and empirical study, Schweickart exhibits how and why this version is effective, dynamic, and more suitable to capitalism alongside a number of values.
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Extra info for After Capitalism (New Critical Theory)
Consider an analogy. A peasant community is in thrall to a theocracy. There is something a little peculiar about these savings, however. In a cap Every year the peasants tum over a portion of their harvest to the priests, italist economy, there are places for me to deposit my savings that who pray to the Land-God for a good harvest next year. The priests also ex me for doing so. hort their flock to work hard, informing them that they will offend the Land performing a service for me. Shouldn't I be paying the bank for God if they do not.
You can play the investment game only if you have money to invest. That's one of the rules. A defender of capitalism will protest that no one is legally excluded from the game, but two points must be borne in mind. First of all, the obvious point: whatever the law may say, large numbers of people simply do not negative sum (for example, any gambling game I have claimed that capitalist investment is a positive-sum game . Let me this game pays out far more are among the than it takes in. (Lotto and other state lotteries worst of the negative-sum gambling games, paying out barely half of what they take in.
Q One pound grows to be a hundred thousand. "9 They failed to realize, we tell our this possible? Population growth is easy enough to understand. If every cou selves, how interest can function as a mechanism for enhancing production, ple has four children who live to adulthood, the population will double so that in the long run, every generation. That's easy to understand. Parents were fruitful and they a sideshow. What are crucial under capitalism are business loans-savings multiplied. If I invest $1,000 at 6 percent, my investment will double every loaned out, not for consumer gratification, but for the purpose of productive twelve years.
After Capitalism (New Critical Theory) by David Schweickart