When will Michael Moore nail land speculators?
Capitalism: a brilliantly confused story by Fred E. Foldvary What is capitalism? It is the free market. It is private enterprise. It is a label for the economies of the world. It is the mixed economy, government plus market. It is the practice and doctrine of governmental interventionism. It is the exploitation of labor by the big owners of capital. It is the source of our economic problems. All of these have been used to describe capitalism. And thats the problem; the term capitalism has no specific meaning, and has had contradictory meanings. Consider the following propositions: 1. The U.S. economic system is capitalism. 2. The U.S. economy has social problems such as poverty and unemployment. 3. Therefore, capitalism causes such social problems. If capitalism in the first proposition means merely a label for the economic system, then the third proposition is meaningless, since a label does not tell us the cause of social problems. These propositions are the heart of the film Capital
