THE APOLOGISTS AND CRITICS OF CAPITALISM
Journal Title: Globalization and Business - Year 2018, Vol 6, Issue 6
Abstract
The study analyzes the essence of the modern capitalist system, attempts by the capitalists to ennoble the Western economic system, which is described by Aristotle as hrematics, a counterbalance to the economy or “house building”. The work emphasizes the absurdity of determining the market economy.“ It is emphasized that modern capitalism is, first of all, not an economic, but a spiritual phenomenon. It has all the religious symbols, it is an invisible religion in all its main directions, which diametrically contradict Christianity. It can be called a “monetary religion”. The paper also presents when, by whom and in what context the term “capitalism” is first mentioned in chronological order. The paper notes that, despite the “titanic efforts” of the “economic science”, the “progressive” approval of capitalism was difficult: this social and economic education largely discredited itself. The document also discusses the absurd idea of economic manipulation that banks “participate in the creation of public products.” It is worth noting that banks are not so-called financial intermediaries and they themselves create money from the air in the economy, which is the main reason for inflation. Unfortunately, in modern “economy” usurious credit is usually regarded as a historical precursor of a bank loan, which in itself is an absurd idea. The work briefly presents the ideas of Henry Ford, Henry George, Silvio Gezel, Emrey Sheldon and Michael Roobotem on the inefficiency of modern capitalism. It is noted that translating the works of these authors in modern conditions and ensuring their accessibility for students and young people is not an easy task. Unfortunately in our universities today do not offer the labor of Ford, George, (except for Ford). In addition, the same can be said about most professors who “train” students of mainstream. In the author’s opinion, the above authorization will become a good helper for the crisis in our country. For these purposes, we need to popularize these authors in our country.
Authors and Affiliations
MALKHAZ CHIKOBAVA
Keywords
Related Articles
- EP ID EP547615
- DOI -
- Views 90
- Downloads 0
THE PARADIGMATIC CRISIS AND THE “MAINSTREAM” POTENTIAL OF THE INSTITUTIONAL ECONOMICS
The article analyzes the manifestations and causes of the paradigmatic crisis of the modern economic “mainstream”: the “monopolization” of economic theory and economic education by the neoclassical direction; Fragmentary...
Securities Market Structure’s Peculiarities in Georgia
The article refers to the Georgian economy up and organized securities market in Georgia, the current picture of the testimony, in this regard, securities liquidity factors in determining the securities to defi ne the ro...
CULTURE TOURISM AND ACTUAL ISSUES OF THE MANAGEMENT OF REMARKABLE WORLD HERITAGE SITES
The article is about importance of the landmarks and monuments in cultural tourism and it gives the specific information how to run management of such places. The term “World Heritage” has the most important place...
Small Enterprise Management Problems in the Process of Globalization
The paper discusses the role and importance of small business in the development of national economy. Issues related to small enterprises functioning generated by the global changes, such as technological innov- ati...
Political Arithmetic in Georgia
Georgian officials haven’t set free from Soviet herritage to manipulate and twist statistical data for political purposes.Such political arithmetics is used to embellish reality in order to show off success. This situati...