David Harvey and Schumpeter both point out Marx’s enormous admiration of the dynamism and power of capitalism, even as he sought to destroy it. This… Read More »Karl Marx on the power of capitalism and globalisation
I came across this translation of Dilemmas via Marginal Revolution. I enjoyed the insights, pithy irony and slightly mysterious turns of phrase.* Here’s translator David… Read More »Qin Hui on the Illusion of Capitalism, and Socialist Market Economies
The use of the word Capitalism to describe what goes on in free market economies – usually in opposition to Socialism or Communism – has… Read More »On Getting-Rid-of-Capital-ism
Ezra Klein: How should I feel about the idea these [artificial intelligences] will be privately owned, if they’re going to be this powerful? Sam Altman:… Read More »Sam Altman on Public Sector AI, ownership and incentives
“In these spacious halls the benignant power of steam summons around him his myriads of willing menials.” Andrew Ure Marx’s rage against the machine Another… Read More »Karl Marx on automation and job losses due to disruption
I am for the free market. Even though it doesn’t work too well, nothing else works at all. But I have serious reservations about capitalism… Read More »Peter Drucker on free markets
Carry each other’s burdens, and in this way you will fulfill the law of Christ.…each one should carry their own load. Paul of Tarsus –… Read More »On socialism and rugged individualism