Comments on: Capitalism and Ethical Life http://www.social-europe.eu/2009/08/capitalism-and-ethical-life/?utm_source=rss&utm_medium=rss&utm_campaign=capitalism-and-ethical-life debating progressive politics in Europe and beyond Tue, 27 Jul 2010 15:12:46 +0100 http://wordpress.org/?v=2.9.2 hourly 1 By: A. F. van der Meijden http://www.social-europe.eu/2009/08/capitalism-and-ethical-life/comment-page-1/#comment-3260 A. F. van der Meijden Tue, 17 Nov 2009 17:24:11 +0000 http://www.social-europe.eu/?p=1229#comment-3260 http://lmf.books.vfedtec.com too + lots of comments elsewhere. At least there's one professor who sees what I see. It needs a a further addition. Disagreeing with the capitalist monopolists is now called terrorism. A. http://lmf.books.vfedtec.com too + lots of comments elsewhere.

At least there’s one professor who sees what I see. It needs a a further addition. Disagreeing with the capitalist monopolists is now called terrorism.

A.

]]> By: anna benkovic http://www.social-europe.eu/2009/08/capitalism-and-ethical-life/comment-page-1/#comment-2378 anna benkovic Sun, 20 Sep 2009 03:05:50 +0000 http://www.social-europe.eu/?p=1229#comment-2378 Thanks D G Bokare...my words and many more! Thanks D G Bokare…my words and many more!

]]> By: D G Bokare http://www.social-europe.eu/2009/08/capitalism-and-ethical-life/comment-page-1/#comment-1911 D G Bokare Tue, 04 Aug 2009 08:02:17 +0000 http://www.social-europe.eu/?p=1229#comment-1911 It is sufficiently proved that capitalism and ethics do not go together. Matter is simple that capitalism is only for maximisation of profits at any cost. This takes place as there are man-made laws, such as patents, copyrights, trademarks, limited liability corporations, trade unions, etc., made in favour of some elite and greedy people by the state. The number of these people is less than one percent of the total global population. It means, one percent has been legally empowered to loot and exploit remaining ninety-nine percent. The state is influenced all the time by these greedy people by using corruption route. Marx says, “Laws that divide people are against the nature and are, therefore, immoral. What is immoral is not immortal”. This immoral situation is found in Marx’s socialism and capitalism. Since this concentrates economic powers either in case of the state (USSR) or few elites and privileged people of society (capitalists/ monopolists). Unless all the people are allowed equal opportunities and freedom from coercive methods of state or monopolists, there would never be any ethical behaviour in any economy. Solution lies in repealing all monopoly laws and decentralise all the economic and political powers. State in that situation has to the duty to ensure that no one or a group of people takes advantage of price-fixing and restricting supplies in the market. We have evolved the systems to take care of these aspects duly backed by theories of economics. It is based on a totally free market in true sense, decentralised economic and political powers, distribution of means of production (technology, finance, infrastructure etc.) to all by the state at zero rate of interest and other facilities at reasonable costs. Real free competition (not to get confused with today’s monopolistic or oligopolistic market competition) will certainly result over time in a trend of lower prices of goods and service with improvement in quality continuously. Lower prices over time will reduce and also disappear interest element of the economy. This also removes unemployment as every needy person will be given means of production by the state to start his own activity. We call it self-employment in economics. Poverty therefore disappears over a period of time. Additionally, we have the state to monitor and check on consumption and exploitation of the Nature. This therefore becomes eco-friendly economic system. Thoday we all are worried about climate change and global warming and also a fear about disappearing mankind itself if green house gases are not immediately controlled. Pope Benedict XVI has also expressed his reservations about capitalism and also about Marxian socialism in his Encyclical released on 7th July 2009. He has also talked about unethical elements in capitalism. He also suggests an alternative economic and social systems to save the planet and also ensure providing full employment, removing poverty and balancing ecology. This is possible with the above stated alternative economic system. This alternative is based on Hindu Vedic ethos. This economic theory is yet to be challenged by any one since 1993 when it was released under the title “Hindu-economics”. Not only ethical values but also higher cultural values would be created in this new system. This becomes an exploitationfree society. It is sufficiently proved that capitalism and ethics do not go together. Matter is simple that capitalism is only for maximisation of profits at any cost. This takes place as there are man-made laws, such as patents, copyrights, trademarks, limited liability corporations, trade unions, etc., made in favour of some elite and greedy people by the state. The number of these people is less than one percent of the total global population. It means, one percent has been legally empowered to loot and exploit remaining ninety-nine percent. The state is influenced all the time by these greedy people by using corruption route. Marx says, “Laws that divide people are against the nature and are, therefore, immoral. What is immoral is not immortal”. This immoral situation is found in Marx’s socialism and capitalism. Since this concentrates economic powers either in case of the state (USSR) or few elites and privileged people of society (capitalists/ monopolists). Unless all the people are allowed equal opportunities and freedom from coercive methods of state or monopolists, there would never be any ethical behaviour in any economy. Solution lies in repealing all monopoly laws and decentralise all the economic and political powers. State in that situation has to the duty to ensure that no one or a group of people takes advantage of price-fixing and restricting supplies in the market. We have evolved the systems to take care of these aspects duly backed by theories of economics. It is based on a totally free market in true sense, decentralised economic and political powers, distribution of means of production (technology, finance, infrastructure etc.) to all by the state at zero rate of interest and other facilities at reasonable costs. Real free competition (not to get confused with today’s monopolistic or oligopolistic market competition) will certainly result over time in a trend of lower prices of goods and service with improvement in quality continuously. Lower prices over time will reduce and also disappear interest element of the economy. This also removes unemployment as every needy person will be given means of production by the state to start his own activity. We call it self-employment in economics. Poverty therefore disappears over a period of time. Additionally, we have the state to monitor and check on consumption and exploitation of the Nature. This therefore becomes eco-friendly economic system. Thoday we all are worried about climate change and global warming and also a fear about disappearing mankind itself if green house gases are not immediately controlled. Pope Benedict XVI has also expressed his reservations about capitalism and also about Marxian socialism in his Encyclical released on 7th July 2009. He has also talked about unethical elements in capitalism. He also suggests an alternative economic and social systems to save the planet and also ensure providing full employment, removing poverty and balancing ecology. This is possible with the above stated alternative economic system. This alternative is based on Hindu Vedic ethos. This economic theory is yet to be challenged by any one since 1993 when it was released under the title “Hindu-economics”. Not only ethical values but also higher cultural values would be created in this new system. This becomes an exploitationfree society.

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