tag:blogger.com,1999:blog-8820814198873126054.post701601868458327233..comments2023-10-20T05:51:51.625-04:00Comments on The THINK 3 INSTITUTE: Capitalism is historySamuel Wilsonhttp://www.blogger.com/profile/00934870299522899944noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8820814198873126054.post-60934635246245521352014-10-10T12:50:29.899-04:002014-10-10T12:50:29.899-04:00This sort of capitalist might prefer to say that l...This sort of capitalist might prefer to say that labor is entitled to no more than the market will bear, but either way the priority of human need is secondary. Commodification is an important cultural consequence of capitalism, as is its corollary, according to which money can virtually become anything already commodified, e.g. political speech. <br /><br />The tyranny of shareholders is another perverse consequence of an actual democratization of capitalism, as more small-time or short-term investors demand immediate returns regardless of long-term consequences. Notice how Google has to sell eBay simply because Google's shareholders want the company to sell something to get more money -- and that's not the only such case I've read about lately.Samuel Wilsonhttps://www.blogger.com/profile/00934870299522899944noreply@blogger.comtag:blogger.com,1999:blog-8820814198873126054.post-35840982073889212922014-10-09T17:48:12.406-04:002014-10-09T17:48:12.406-04:00I would say that, in it's current stage, capit...I would say that, in it's current stage, capitalism is an attitude, an insistence that profit trumps all other considerations and that the lion's share of the profit belongs to investors and management and that they owe labor nothing more than whatever wages they are willing to pay. It is a belief that everything is nothing more than a commodity, to be bought and sold - for profit.Anonymousnoreply@blogger.com