The Soul of Capitalism

About: print: the soul of capitalism

This is a book recommended by Laura Flanders on her website. It raises some questions but, you can guess it's political perspective.
It is interesting from the perspective that knowing what the opposition thinks is useful. This is a google book  on the book.  This item is mostly a bookmark to be expanded in the light of group threefold society

Tags

  1. threefolding
  2. division of labor
  3. economics
  4. capitalism

Comments


Mark de LA says
Here is an commentary by Alan Greenspanin the WSJ, former fed chair, on

Addressing Systemic Risk

Risk of system-wide breakdown is an unavoidable characteristic of market economies

source: ...
Risk of system-wide breakdown is an unavoidable characteristic of market economies. So long as there is a division of labor and, hence, private trading counterparties, the possibility of systemic failure cannot be eliminated. Financial institutions that require significant leverage to yield an adequate rate of return on equity are especially prone to a disabling "run on the bank." A depository institution depends on investors' willingness to hold its liabilities, knowing full well that if all lenders attempted to withdraw their monies at the same time, the bank or thrift would fail.
...he is known for being wordy, obtuse & inscruitable in his lectures to Congress on the economy.  When I parse it all out I will probably add the division of labor comment to one of the threads on 12086 - He doesn't get into it more than his introductory paragraph.

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