3 ms·
Communism per se is badly, badly broken. Piketty seems to be drawing to trying to get the genie of international capital back into the bottle. I doubt that's do
by ArkyBeagle 12y ago
Communism per se is badly, badly broken. Piketty seems to be drawing to trying to get the genie of international capital back into the bottle. I doubt that's do-able.
Megan McArdle has, I think, a fine treatise on how the globalization of capital killed off the equilibrium that made even organized labor possible:
http://www.bloombergview.com/articles/e023c820e0110130a0d758d38561c600 http://www.bloombergview.com/articles/e023c820e0110130a0d758...
In the world described by JK Galbraith's "Modern Industrial State", organized labor sorta made sense. Now? Not so much.
Hayek and Milton Friedman ( generally considered economists of the Right, although that has problems ) have both espoused a basic income/negative tax. That's quite distinct from Communism.