“We never had a public debate about where markets serve the public”.. Why don’t you set up these debates instead of philosophical talks? We need those, don’t get me wrong. But public debate is dying online. I know it is easy to say: hold debates. But your influence in this field is scarce. So use it Mr. Sandel. Otherwise we will keep discussing merely symbols. While this Hypercapitalism system keeps getting worse and worse in daily life🚨
Because marxist would get crushed in debates since all their arguments are based on feelings and not historical facts. Stephen Pinker,Tyler Cowen and Bryan Caplan would crush them
Michael Sandel sounds like he's finally gotten around to reading Thomas Frank, who's been connecting the dots between the failures of American political economy and the class fissures in now rending American society for at least two decades. It's as if Sandel (an esteemed Harvard academic) is literally summarizing Frank ( a cultural critic/public intellectual / author of somewhat popular lefty books like What's the matter with Kansas?, Listen, Liberal, The People, No, Rendevous with Oblivion, etc). I see this as a win for Frank, who's ideas have long been dismissed as fringe curiosity but who has in fact been serving up a keenly accurate description of the dissolution of the American middle class and the subsequent reshaping of American society itself for years.
Yeah. Piketty spends 1000 pages analyzing inequality across the ages, then in the last chapter proposes international wealth taxation. How will this be enforced? By the order of capital that has captured every regulatory agency? There is no reformist socdem path out of the harm of capitalism.
3 วันที่ผ่านมา +1
@helloInternets I think there are practical reforms that can be done (but capital controls I don't see how)
Check out After Capitalism by David Schweikart 2nd Edition 2011: Social Control of Investment decisions. That together with the Destination Principle in Taxation (you tax where profits are made not by whom) do the trick to channel capital flows into those ends that society wants while maintaining global trade and financial flows.
We need a new political terminology to describe where we are now. Reaching back to the 19th century does no one any good. Who owns the means of production doesn't matter when over production is the problem. Income distribution doesn't matter if that income only buys things that destroy the environment. The conversation needs to describe what "lifestyle" is sustainable, what are the limits to growth.
Sounds like you are describing Kate Raworth's Donut Economics. I don't know that we need new terminology tho. I'm fine calling myself a communist that supports China, Vietnam, and Cuba.
“We never had a public debate about where markets serve the public”..
Why don’t you set up these debates instead of philosophical talks? We need those, don’t get me wrong. But public debate is dying online. I know it is easy to say: hold debates. But your influence in this field is scarce. So use it Mr. Sandel. Otherwise we will keep discussing merely symbols. While this Hypercapitalism system keeps getting worse and worse in daily life🚨
Because marxist would get crushed in debates since all their arguments are based on feelings and not historical facts. Stephen Pinker,Tyler Cowen and Bryan Caplan would crush them
Excellent discussion!
Though they share the problems to face in the years to come, Sandel’s approach is normative while Piketty’s method is empirical, analytical.
Michael Sandel sounds like he's finally gotten around to reading Thomas Frank, who's been connecting the dots between the failures of American political economy and the class fissures in now rending American society for at least two decades. It's as if Sandel (an esteemed Harvard academic) is literally summarizing Frank ( a cultural critic/public intellectual / author of somewhat popular lefty books like What's the matter with Kansas?, Listen, Liberal, The People, No, Rendevous with Oblivion, etc). I see this as a win for Frank, who's ideas have long been dismissed as fringe curiosity but who has in fact been serving up a keenly accurate description of the dissolution of the American middle class and the subsequent reshaping of American society itself for years.
Please stop releasing stuff in segments. Release the whole thing
How can international capital flows be controlled, in a practical way?
Yeah. Piketty spends 1000 pages analyzing inequality across the ages, then in the last chapter proposes international wealth taxation. How will this be enforced? By the order of capital that has captured every regulatory agency?
There is no reformist socdem path out of the harm of capitalism.
@helloInternets I think there are practical reforms that can be done (but capital controls I don't see how)
Check out After Capitalism by David Schweikart 2nd Edition 2011: Social Control of Investment decisions. That together with the Destination Principle in Taxation (you tax where profits are made not by whom) do the trick to channel capital flows into those ends that society wants while maintaining global trade and financial flows.
Logical describe ..Tomas .
Populist means in deep proletariat..Karl Marx..
We need a new political terminology to describe where we are now. Reaching back to the 19th century does no one any good. Who owns the means of production doesn't matter when over production is the problem. Income distribution doesn't matter if that income only buys things that destroy the environment. The conversation needs to describe what "lifestyle" is sustainable, what are the limits to growth.
Sounds like you are describing Kate Raworth's Donut Economics.
I don't know that we need new terminology tho. I'm fine calling myself a communist that supports China, Vietnam, and Cuba.