Monday, January 9, 2012

Capitalism, in Capital Style & Letters, By Any Other Name

Capitalism, as practiced in the real world, goes far beyond the private ownership of productive capital. Capitalism as it actually exists includes different forms of corporate ownership, different forms of investment and financing schemes, interest, the acceptance of greed as an objective good, usury, using capital for profit, using capital to prevent competitors from making profit, monopoly, free trade, involvement of the highest levels of government, and a utilitarian view of the worker....Richard Aleman : “Distributism is just like Capitalism, except that we differ on the nature of man, the purpose of economic activity, usury, the maximization of token wealth, the role and legitimate exercise of the state, empirical economics, the meaning of subsidiarity, subordination of economics to the higher sciences, our ends, our means, what money is, what wealth is, what a free market is, production and consumption, regulation, free trade, the moral and divine law in the social and economic order, and, yes, what liberty means.”


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