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Download Hartmut Elsenhans and a Critique of Capitalism: by Neil Wilcock, Corina Scholz PDF

By Neil Wilcock, Corina Scholz

This e-book provides a chain of interviews with Hartmut Elsenhans on his wide-ranging theories and their coverage implications. Serving as a compilation of his distilled options, we consult with him his designated global fiscal conception, his theorisation of social events, his paintings on overcoming underdevelopment, and masses extra.

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Additional info for Hartmut Elsenhans and a Critique of Capitalism: Conversations on Theory and Policy Implications

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Your point is that if labour is scarce people try to innovate to save the required labour time, which is, in your words, the motor of technical progress . . Prehistory is full of descriptions of how people invent things, mainly beautiful things. Any history of pre-1500 achievements is a book on arts. You will have Greek temples with wonderful paintings and sculptures, and the Taj Mahal in India epitomises that beauty and excellence. There are also utilities for daily use, but it’s the beauty that stands out.

Whereas employment under capitalism is the result of demand for labour given its positive productivity, the power re-balances in favour of the rentiers who are in a position to accept some from a vast pool of desperate labour. This shift in power to the owners of the means of production will allow those in command to maximise their take by stepping up the exploitation further. There will be growing inequality, as we can see in our era, and the increase in luxury production in the modern era represents the rise of the rentier classes.

How would you phrase that in macroeconomic terms? You escape rent scenarios by creating markets that justify the production of investment goods so profit exists materially, as I spoke about when I outlined the profit model. This way, mass demand can expand without huge difficulties and the accumulation process begins again. 24 Hartmut Elsenhans and a Critique of Capitalism Aren’t there situations where rent is inevitable? With lucrative natural resources, some are blessed with this huge amount of money.

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