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Rich Man, Poor Man, Beggar Man, Thief - But Who is Who in the Capitalist Economy.

Abstract:

The thesis of this paper is that a free-market capitalist economy is biased against supplying basic needs of poor consumers and also biased against creating inventing and using green technology. We begin by identifying the patterns of perverse logic in the system of market supply and in the process of technological advance under capitalism. The first pivotal problem is that economic decision makers place too high a value on the time of the current generation of workers. Hence capitalist marke...

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Volume:
119
Series:
Discussion paper series
Publication date:
2002-01-01
URN:
uuid:7dd17c0b-c9d8-4fc2-b44b-ac220989b0cc
Local pid:
ora:1156
Language:
English

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