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He gives the game away in the second sentence: > But greed, in fact, prompts capitalists to seek government guarantees and subsidies that denature and stultify
by mtraven 14y ago
He gives the game away in the second sentence:
> But greed, in fact, prompts capitalists to seek government guarantees and subsidies that denature and stultify the works of entrepreneurs.
Yes, that is how real, as opposed to theoretical, capitalism works. And communism is all about selfless cooperation in theory, but in practice works out to something quite different.
Speaking of communism and information, I can't recommend too highly the book Red Plenty by Francis Spufford, which is about the efforts by very early cyberneticians in the USSR to create an economy which was managed by information without greed.