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oapen-20.500.12657-907202024-05-31T02:28:09Z The Capitalist Economy and its Prosthetics Wächter, Gerhard H. Capitalism Capitalist Economy Prosthetics Money Creation Economy Politics Economic Sociology Economic Theory Systems Theory thema EDItEUR::J Society and Social Sciences::JH Sociology and anthropology::JHB Sociology thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy Notwithstanding its ruthless dynamics, the capitalist economy has the flaw of deficient employment-generating spending. This leads to unemployment of non-owners, individual suffering, social unrest and it undermines military strength. To deal with these issues, states use prosthetic policies, artificial transfers to the productive economy and to non-owners. But the funding of such prosthetic policies - through violent wealth appropriation abroad, protectionism, war, domestic expropriation and taxation, debt and money creation - is caught in dilemmas, while politicians are caught between non-solutions. According to Gerhard H. Wächter, the history of capitalist society is largely the history of this dilemmatic brotherhood. 2024-05-30T14:02:03Z 2024-05-30T14:02:03Z 2024 book ONIX_20240530_9783839472781_48 9783839472781 9783837672787 9783732872787 https://library.oapen.org/handle/20.500.12657/90720 eng Edition transcript application/pdf Attribution-NonCommercial-NoDerivatives 4.0 International 9783839472781.pdf https://www.transcript-verlag.de/shopMedia/openaccess/pdf/oa9783839472781.pdf transcript Verlag 10.14361/9783839472781 10.14361/9783839472781 b30a6210-768f-42e6-bb84-0e6306590b5c 9783839472781 9783837672787 9783732872787 13 532 Bielefeld open access
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Notwithstanding its ruthless dynamics, the capitalist economy has the flaw of deficient employment-generating spending. This leads to unemployment of non-owners, individual suffering, social unrest and it undermines military strength. To deal with these issues, states use prosthetic policies, artificial transfers to the productive economy and to non-owners. But the funding of such prosthetic policies - through violent wealth appropriation abroad, protectionism, war, domestic expropriation and taxation, debt and money creation - is caught in dilemmas, while politicians are caught between non-solutions. According to Gerhard H. Wächter, the history of capitalist society is largely the history of this dilemmatic brotherhood.
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