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One thing is sure that since Hayek's time, the market has become more efficient at creating and fulfilling the desires of consumers. The obligatory recommendati
by jamesblonde 3y ago
One thing is sure that since Hayek's time, the market has become more efficient at creating and fulfilling the desires of consumers. The obligatory recommendation to see the Century of the Self by Adam Curtis for a historical perspective on consumerism.
However, Varoufakis has a point that a monopolist capitalism, enabled by technology, is not an attractive system.
- camillomiller 3y agoI would indeed go rather with Oligocapitalism, than Technofeudalism.
- panick21_ 3y agoYes, lets create more xxxxxcapitalisms, its not as if we don't have enough of those. But I guess to include 'capitalism' in title always gives your arguments more meaning among leftists.
- camillomiller 3y agoWell, check Wikipedia, my man. Y'all think capitalism is one monolithic thing, but it is not. It's a multifaceted hydra, and it's totally fine to find names for the new heads that keep on popping out as soon as one gets cut.
- labrador 3y ago> The obligatory recommendation to see the Century of the Self by Adam Curtis or you could take a shortcut and ask Bard: "Advertising existed before Freud's nephew Edward L. Bernays came along. What new thing did he contribute to deserve to be called the father of modern advertising?"
- abdullahkhalids 3y ago> However, Varoufakis has a point that a monopolist capitalism, enabled by technology, is not an attractive system. Not only is it not a attractive state, in the sense of the capitalistic economic system being a dynamical system, it is a attractor state [1] of the system. That is what the core of the issue is. To fix things, you can't just stay within the capitalistic system. You have to change to a different dynamic system with a different attractor state. [1] Tongue-in-cheek pun fully intended.