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25. Society / D. Political Doctrines / 12. Capitalism

[society is driven by private production and profit]

14 ideas
Time is money, ..credit is money, ..and money breeds more money [Franklin]
Selfish profit-seeking increases collective wealth, so greed is good, and egoism is altruism [Smith,A, by Harari]
Free markets lead to boom and bust, pointless middlemen, and alienated workers [Engels]
Capitalism changes the world, by socialising the idea of a commodity [Marx, by Bowie]
Acquisition and low consumption lead to saving, investment, and increased wealth [Weber]
When asceticism emerged from the monasteries, it helped to drive the modern economy [Weber]
Capitalism is not unlimited greed, and may even be opposed to greed [Weber]
Modern western capitalism has free labour, business separate from household, and book-keeping [Weber]
Marx thought capitalism was partly liberating, and could make labour and ownership more humane [Bowie, by Bowie]
Fans of economic freedom claim that capitalism is self-correcting [Micklethwait/Wooldridge]
The sacred command of capitalism is that profits must be used to increase production [Harari]
The progress of capitalism depends entirely on the new discoveries and gadgets of science [Harari]
The main rule of capitalism is that all other goods depend on economic growth [Harari]
In capitalism the rich invest, and the rest of us go shopping [Harari]