Profit from Crisis: Why capitalists do not want recovery, and what that means for America

many of those we call”capitalists” are only savages…capitalism in itself ani’t a bad thing, it’s the way it has been used..does anybody believe big corporations play fair competence?because now we know they don’t, at least most of them:they don’t want to compete (a scenario where they can eventually lose) they just want to control the economy. Does it sound “capitalism” or “comunism” to you? Well, it’s not. It’s just the same feeling/impulse/way of doing things that conquerers and thieves of all ages had even before words like “capitalism” were invented. It’s just pure fascism with a different name.

Real-World Economics Review Blog

from Jonathan Nitzan and Shimshon Bichler

Can it be true that capitalists prefer crisis over growth? On the face of it, the idea sounds silly. According to Economics 101, everyone loves growth, especially capitalists. Profit and growth go hand in hand. When capitalists profit, real investment rises and the economy thrives, and when the economy booms the profits of capitalists soar. Growth is the very lifeline of capitalists.

Or is it?

What motivates capitalists?

The answer depends on what motivates capitalists. Conventional economic theories tell us that capitalists are hedonic creatures. Like all other economic “agents” – from busy managers and hectic workers to active criminals and idle welfare recipients – their ultimate goal is maximum utility. In order for them to achieve this goal, they need to maximize their profit and interest; and this income – like any other income – depends on economic growth. Conclusion: utility-seeking capitalists have…

View original post 1,427 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: