by Summary:
Capitalism is an economic system that favor capital (ownership) over labor (people) and land (the environment) because capital formulation generates growth and "a rising tide lifts all boats" (trickle down). Socialism is an economic system that favors labor (people) and land (the environment) over capital (ownership) because the economic system is the life-support system of society and needs to be subjected to the comprehensive needs of society, which are social and political in addition to economic. In addition, contemporary "capitalism" is economically inefficient owing to socialization of negative externality and rent extraction facilitated by asymmetries. These asymmetries are social (class structure privilege the ownership class that results in social unrest), political (wealth
Topics:
Mike Norman considers the following as important: capitalism, economic rents, negative externality, rent extraction
This could be interesting, too:
Capitalism is an economic system that favor capital (ownership) over labor (people) and land (the environment) because capital formulation generates growth and "a rising tide lifts all boats" (trickle down).Capitalism is an economic system that favor capital (ownership) over labor (people) and land (the environment) because capital formulation generates growth and "a rising tide lifts all boats" (trickle down). Socialism is an economic system that favors labor (people) and land (the environment) over capital (ownership) because the economic system is the life-support system of society and needs to be subjected to the comprehensive needs of society, which are social and political in addition to economic. In addition, contemporary "capitalism" is economically inefficient owing to socialization of negative externality and rent extraction facilitated by asymmetries. These asymmetries are social (class structure privilege the ownership class that results in social unrest), political (wealth
Topics:
Mike Norman considers the following as important: capitalism, economic rents, negative externality, rent extraction
This could be interesting, too:
Peter Radford writes The Geology of Economics?
Dean Baker writes Capitalism and Democracy: The market is far more flexible than Christopher Caldwell imagines
Peter Radford writes AJR, Nobel, and prompt engineering
Asad Zaman writes Escaping the jungle: Rethinking land ownership for a sustainable Future
Socialism is an economic system that favors labor (people) and land (the environment) over capital (ownership) because the economic system is the life-support system of society and needs to be subjected to the comprehensive needs of society, which are social and political in addition to economic.
In addition, contemporary "capitalism" is economically inefficient owing to socialization of negative externality and rent extraction facilitated by asymmetries. These asymmetries are social (class structure privilege the ownership class that results in social unrest), political (wealth translates into political power resulting in oligarchy), and economic (income and wealth inequality that result in maldistribution masquerading as "just deserts."
The time has come to reset the balance.
The American Prospect
Want a Green New Deal? Then Challenge Global Capitalism
Terri Friedline
Eillie AnzilottiSee also
Power to the people. And no, corporations are not people not matter what SOCTUS pronounces.
Fast Company
The Green New Deal is a people-first approach to solving climate change