The Capitalist Economy and its Prosthetics
Necessity, Evolution and Dilemmas of a Brotherhood
Seiten
Prosthetics are the brother of deficient employment generating spending in capitalism. But the sources of their financing are drying out.
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.
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.
Gerhard H. Wächter, born in 1955, is a business lawyer in Berlin, specializing in M&A and M&A-Litigation, and a law professor at Leipzig University. He did his doctorate on the theory and history of criminal law with Klaus Lüderssen at Frankfurt's Goethe University, and studied with Niklas Luhmann at Bielefeld University and Stanley Diamond at the New School for Social Research in New York, before he worked with an international law firm, the German Treuhandanstalt and ultimately founded his own law firm in 1992.
| Erscheinungsdatum | 04.05.2024 |
|---|---|
| Reihe/Serie | Edition transcript ; 13 |
| Verlagsort | Bielefeld |
| Sprache | englisch |
| Maße | 148 x 225 mm |
| Gewicht | 727 g |
| Themenwelt | Geschichte ► Teilgebiete der Geschichte ► Wirtschaftsgeschichte |
| Sozialwissenschaften ► Soziologie ► Spezielle Soziologien | |
| Wirtschaft ► Volkswirtschaftslehre | |
| Schlagworte | Capitalism • capitalist economy • Economic Sociology • Economic Theory • economy • money creation • Politics • prosthetics • Systems Theory |
| ISBN-10 | 3-8376-7278-6 / 3837672786 |
| ISBN-13 | 978-3-8376-7278-7 / 9783837672787 |
| Zustand | Neuware |
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