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Financial Crisis Lessons Learned:Make Capitalism History
Strange crisis. Apparently there is too much of too many factories, too many homes, too many consumer articles. The economic supply in a country is too large for demand; there is not to little, but too much capacity. What to do with all the useful objects that are being produced? Employees are fired and thus have no more money because too much was produced. Useful objects are stockpiled and functioning production sites are closed because of low demand and the same time widespread poverty.
How can overproduction become a problem at all? If too much has been produced you could simply let it lie or dispose of it. It would only be annoying if too much work had been done instead of dedicating oneself to the well-earned free time earlier. Within the framework set by market economy, this is nonsense, of course. Only those can eat in market economy that can pay for it and if not enough people can pay, there is no reason for production. Thus, mass destitution and existing riches can simply go hand in hand. In the name of being »realistic«, the refusal to think in larger, more radical ways obviously boxed the majority of the population into such narrow options.
What sort of strange wealth is it which - even though the material conditions of production have not changed in the slightest, although food, accommodation and all other consumer articles imaginable are still available – are suddenly ever less available to a large part of the population? In the market economy, what is the yardstick, what is the purpose of using the means of production? Why does money rule the world?
How can overproduction become a problem at all? If too much has been produced you could simply let it lie or dispose of it. It would only be annoying if too much work had been done instead of dedicating oneself to the well-earned free time earlier. Within the framework set by market economy, this is nonsense, of course. Only those can eat in market economy that can pay for it and if not enough people can pay, there is no reason for production. Thus, mass destitution and existing riches can simply go hand in hand. In the name of being »realistic«, the refusal to think in larger, more radical ways obviously boxed the majority of the population into such narrow options.
What sort of strange wealth is it which - even though the material conditions of production have not changed in the slightest, although food, accommodation and all other consumer articles imaginable are still available – are suddenly ever less available to a large part of the population? In the market economy, what is the yardstick, what is the purpose of using the means of production? Why does money rule the world?
145 pages, Kindle Edition
First published November 23, 2011
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