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Institutional economics, once the main school of economic thought in the United States, holds that capitalism cannot be separated from the political and social system within which it is embedded. It emphasizes the legal foundations of capitalism (see John R. Commons) and the evolutionary, habituated, and volitional processes by which institutions are erected and then changed.
One key figure in institutional economics was Thorstein Veblen who in his book, The Theory of the Leisure Class (1899), analyzed the motivations of wealthy people in capitalism who conspicuously consumed their riches as a way of demonstrating success. The concept of conspicuous consumption was in direct contradiction to the neoclassical view that capitalism was efficient.
In The Theory of Business Enterprise (1904) Veblen distinguished the motivations of industrial production for people to use things from business motivations that used, or misused, industrial infrastructure for profit, arguing that the former often is hindered because businesses pursue the latter. Output and technological advance are restricted by business practices and the creation of monopolies. Businesses protect their existing capital investments and employ excessive credit, leading to depressions and increasing military expenditure and war through business control of political power.
originally posted by: NavyDoc
originally posted by: AfterInfinity
a reply to: defcon5
Under capitalism there is nothing to force an employer to treat his employees fairly, and they are actually rewarded for unethical behavior. Obviously they cannot be trusted to wield that sort of power, and the government (the people) are going to have to put them under some sort of control.
Hehehehehe...there is the sad reality, friends. Right. There. Very few, once placed in such a position, can be trusted to wield that authority judiciously and appropriately. It's all too easy to get paranoid and place your own interests in front of everyone elses'. It's all too easy to get jumpy and terminate a possible threat before it terminates you. It's all too easy to get lost in the rabid dog fight dressed in preppy clothing that our society has become. As the Joker said, society is, in many instances, an illusion. All it takes to break the illusion, is breaking the order. Then you see who people really are. But if you look closely, you don't have to go that far. Just give them lots of money and a bunch of people to boss around. What's that saying? The true measure of a man can be seen by how he treats his inferiors. Ever since I read that, I've held by it. Because we are most truly ourselves when we believe we are untouchable. Like the Rockefellers.
Like the Clintons and Obamas and Putin and Stalin and Mao. Thinking that business is untrustworthy but government is is a large amount of cognitive dissonance.
originally posted by: NavyDoc
The fact of the matter is, however, that there are many who are shiftless and lazy and under communism you said they would have to be coerced or banished if they don't contribute. How is that any more "humane?"
originally posted by: NavyDoc
"Fair wages" are not paid? What makes a wage fair. Is it the value of the labor?
originally posted by: NavyDoc
There is a lot under capitalism to encourage good treatment of workers. With competition and a demand for a stilled labor force, those who have skills in demand will get truly fair treatment (not leftist something for nothing "fairness") otherwise the skilled labor will go down the road and work for eh nicer employer.
originally posted by: NavyDoc
This, of course, puts the onus on the individual to do something rather than just hang out at the coffee shop and bitch about how the man is keeping him down.
originally posted by: NavyDoc
So a business man can't be trusted but the GOVERNMENT can? Are you serious? That is funny. Really? The government is comprised with trustworthy individuals who would never, ever abuse their power but no businessman is honest.
"I can only say that the communists have stolen our flag. The flag of the poor is Christian. Poverty is at the center of the Gospel," he said, citing Biblical passages about the need to help the poor, the sick and the needy.
originally posted by: Year1
"I can only say that the communists have stolen our flag. The flag of the poor is Christian. Poverty is at the center of the Gospel," he said, citing Biblical passages about the need to help the poor, the sick and the needy.
Poverty as defined by this world. It is what this pope preaches - this world. It is what this pope appeals to - this world. All that he preaches is a social gospel, not once does he address the poverty of the mind and spirit. Not once does he feed the sheep by teaching them contentment. Instead it's always an appeal to the poor to rise up and to demand a share of the wealth and possessions. Do not thugs kill a kid for his pair of trainers? This pope preaches give the thug the sneakers and all will be well but to be spiritually minded is to discern that the cause of the killing was not a lack of sneakers but a heart filled with envy, greed and murder. As such, this Pope's gospel is false. Jesus Christ did not heal the thug by giving him the sneakers that he coveted, Jesus Christ healed the thug's coveting!
One can feed the belly and yet starve the soul and spirit. And this Pope is doing it. Judas held the money bag and acted on the pretense that the poor were his concern...when in reality what consumed his heart?
originally posted by: AfterInfinity
originally posted by: Year1
"I can only say that the communists have stolen our flag. The flag of the poor is Christian. Poverty is at the center of the Gospel," he said, citing Biblical passages about the need to help the poor, the sick and the needy.
Poverty as defined by this world. It is what this pope preaches - this world. It is what this pope appeals to - this world. All that he preaches is a social gospel, not once does he address the poverty of the mind and spirit. Not once does he feed the sheep by teaching them contentment. Instead it's always an appeal to the poor to rise up and to demand a share of the wealth and possessions. Do not thugs kill a kid for his pair of trainers? This pope preaches give the thug the sneakers and all will be well but to be spiritually minded is to discern that the cause of the killing was not a lack of sneakers but a heart filled with envy, greed and murder. As such, this Pope's gospel is false. Jesus Christ did not heal the thug by giving him the sneakers that he coveted, Jesus Christ healed the thug's coveting!
One can feed the belly and yet starve the soul and spirit. And this Pope is doing it. Judas held the money bag and acted on the pretense that the poor were his concern...when in reality what consumed his heart?
I don't believe he ever said "give the communists what they want". I think he is teasing them, imparting his own message at their expense.
originally posted by: Year1
"I can only say that the communists have stolen our flag. The flag of the poor is Christian. Poverty is at the center of the Gospel," he said, citing Biblical passages about the need to help the poor, the sick and the needy.
Poverty as defined by this world. It is what this pope preaches - this world. It is what this pope appeals to - this world. All that he preaches is a social gospel, not once does he address the poverty of the mind and spirit. Not once does he feed the sheep by teaching them contentment. Instead it's always an appeal to the poor to rise up and to demand a share of the wealth and possessions. Do not thugs kill a kid for his pair of trainers? This pope preaches give the thug the sneakers and all will be well but to be spiritually minded is to discern that the cause of the killing was not a lack of sneakers but a heart filled with envy, greed and murder. As such, this Pope's gospel is false. Jesus Christ did not heal the thug by giving him the sneakers that he coveted, Jesus Christ healed the thug's coveting!
One can feed the belly and yet starve the soul and spirit. And this Pope is doing it. Judas held the money bag and acted on the pretense that the poor were his concern...when in reality what consumed his heart?
originally posted by: blupblup
a reply to: Wrabbit2000
Your OP is just silly.... that's not really what he said and he was being tongue in cheek and "bigging up" his religion.
He's saying that the Communists were not the first to champion the poor and call for financial and social equality, Jesus got there first.
It's really a non-issue that you're trying to make into something.
Lame.
originally posted by: Wrabbit2000
..then again, I've never seen the personal head of the ROman Catholic Church suggest one of the largest conspiracies in religious history if there is truth to it. Communists...closet Christians.
originally posted by: Bone75
a reply to: ketsuko
Except no one is trying to take your sandwich. Communism works by making sure you both have sandwiches to begin with.
originally posted by: Subnatural
originally posted by: Bone75
a reply to: ketsuko
Except no one is trying to take your sandwich. Communism works by making sure you both have sandwiches to begin with.
Yeah, communism (in it's intended form) wouldn't redistribute the sandwiches, it would make sure everyone has fair access to and control over the means of sandwich-production.
originally posted by: defcon5
originally posted by: NavyDoc
The fact of the matter is, however, that there are many who are shiftless and lazy and under communism you said they would have to be coerced or banished if they don't contribute. How is that any more "humane?"
Its not, but you cannot have someone that is a constant drain on the system either. Just because there is communal existence doesn't mean there aren't rules and laws. You seem to be trying to paint this into something its not.
originally posted by: NavyDoc
"Fair wages" are not paid? What makes a wage fair. Is it the value of the labor?
A wage that can be reasonably lived on.
originally posted by: NavyDoc
There is a lot under capitalism to encourage good treatment of workers. With competition and a demand for a stilled labor force, those who have skills in demand will get truly fair treatment (not leftist something for nothing "fairness") otherwise the skilled labor will go down the road and work for eh nicer employer.
I am guessing that you are either still in the Navy, or a Doctor in private practice now, and have no idea what it like in the real corporate sector. There is no encouragement to keep good employees out there right now. They can get rid of you and get two other desperate unemployed people for half the money, and it only gets worse as you get older.
The older you get, even though you generally get better at your job, the more they consider you an overpaid liability that is going to get sick and cost them more money... You have more seniority, you cost more per hour, you have better benefits, and you are more prone to run up their insurance costs by getting sick.
And no, you cannot just “go down the street and get a new job”, because since 2008 they have intentionally driven the unemployment rate through the roof. That means right now there are sometimes hundreds to thousands of people for each available job. They did this for profit. One of my friends who still works at one of the big three was the last guy left in his department, and he is doing all their work now for less money then he was making years ago. Of course he is so thankful to have a job, that he just puts up with it.
Another friend of mine hasn't had a raise in 10 years, meanwhile the company is making record profits, but of course they keep crying poor when evaluation time rolls around. You have CEO's getting massive bonuses for doing this kind of stuff to their employees and “cutting the overhead”.
originally posted by: NavyDoc
This, of course, puts the onus on the individual to do something rather than just hang out at the coffee shop and bitch about how the man is keeping him down.
Really, so you going to say that to the 50 year old that just got laid off after 30 years working with a company? So what do you expect him to do? You think anyone is going to hire him at that age with only 15 years to retirement? You think he should just go back to school and get a new career at 50? You think any company isn't going to consider him a an “expensive” employee with a “high probability” of getting sick and having a bad attendance record?
originally posted by: NavyDoc
So a business man can't be trusted but the GOVERNMENT can? Are you serious? That is funny. Really? The government is comprised with trustworthy individuals who would never, ever abuse their power but no businessman is honest.
The government would do just fine if we removed the lobbyists that are really running the place in accordance with the wishes of their corporate masters.
Really, so you going to say that to the 50 year old that just got laid off after 30 years working with a company? So what do you expect him to do? You think anyone is going to hire him at that age with only 15 years to retirement? You think he should just go back to school and get a new career at 50? You think any company isn't going to consider him a an “expensive” employee with a “high probability” of getting sick and having a bad attendance record?
originally posted by: Wrabbit2000
a reply to: blupblup
You're free to contact Reuters for a source quoted title and direct quoted story from their copy.
If the title isn't to your liking, this is a problem for an Editor somewhere at Reuters. It wouldn't be with the ATS member (me in this case) who chose to share a legitimate media story on the site.
Enough with the source nazi nonsense. If you hate a topic..hey, no need to even read it, let alone just reply enough to tell an OP it sucks and they're a fool to have brought it.
originally posted by: Wrabbit2000
..then again, I've never seen the personal head of the ROman Catholic Church suggest one of the largest conspiracies in religious history if there is truth to it. Communists...closet Christians.
Citing Biblical passages about the need to help the poor, the sick and the needy, the Pope said: ”Communists say that all this is communism. Sure, twenty centuries later. So when they speak, one can say to them: 'but then you are Christian'.”
www.independent.co.uk...