Re:The Geography of U.S. Inequality
by RobertoG on Tuesday September 06, 2016 @11:11AM
(#12436560)
'The "capitalist system", much like evolution, does not have goals'
That's true. Markets are just feedback mechanisms. Like a thermostat. It's politics and public discourse what decide what the temperature in the room should be.
You say that we should try to know what have changed within capitalism but I think that the answer is that nothing have changed.
The times we are living have a lot of similarity to the 20's and 30's and they are the opposite of the age from the end of the Second World War to the 70's when the pendulum swung to the other side.
It's just the old history of capital vs. labour, everyone of them in one side of the rope, the rope being the government.
I suppose that automation of mental work is what could make this time different.
That's true. Markets are just feedback mechanisms. Like a thermostat. It's politics and public discourse what decide what the temperature in the room should be.
You say that we should try to know what have changed within capitalism but I think that the answer is that nothing have changed.
The times we are living have a lot of similarity to the 20's and 30's and they are the opposite of the age from the end of the Second World War to the 70's when the pendulum swung to the other side.
It's just the old history of capital vs. labour, everyone of them in one side of the rope, the rope being the government.
I suppose that automation of mental work is what could make this time different.