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Showing posts with the label "economic system"
"In recent weeks, some people have optimistically predicted that the Covid-19 outbreak will force governments to build  fairer economic systems." I have a problem with the language in the title and in the sentence above. "Fairer economic society" means a society that is already fair should become fairer. That is what the comparative form means.  "What history can teach us about building a fairer society after coronavirus"
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"An  economic system is a set of dependent, interconnected economic relationships which, precisely because they are interconnected, arise more or less contemporaneously and disappear more or less contemporaneously, giving way to other relationships. The empirical dating of their emergence and dissolution enables us to fix the limits of a specific economic system in time. To construct the theory of a determinate economic system means to establish (always empirically) the fullest possible totality of dependent relationships present within the system, and to explain the connections between these relationships." — Wiltold Kula
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The writer, from the London School of Economics, is questioning the existent profit-based economic system. I wonder whether we can have capitalism without profit. I am curious to know if that is possible. Clean energy won't save us
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