A Quote by Chris Hedges

I don't know who you would blame for this, whether Ricardo or others, but we created a fictitious economic theory to praise a rentier or rent-derived, interest-derived capitalism that countered productive forces within the economy.

Chris Hedges

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Blame Capitalism Created Derived Economic Economic Theory Economy Fictitious Forces Interest Know Others Praise Productive Rent Theory Whether Within Would

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Chris Hedges
American - Journalist

Anarchism is a definite intellectual current in the life of our times, whose adherents advocate the abolition of economic monopolies and of all political and social coercive institutions within society. In place of the present capitalistic economic order Anarchists would have a free association of all productive forces based upon co-operative labour, which would have as its sole purpose the satisfying of the necessary requirements of every member of society, and would no longer have in view the special interest of privileged minorities within the social union.

Rudolf Rocker

Litmus test: If you can't describe Ricardo's Law of Comparative Advantage and explain why people find it counterintuitive, you don't know enough about economics to direct any criticism or praise at "capitalism" because you don't know what other people are referring to when they use that word.

Eliezer Yudkowsky

Every non-Marxist economic theory that treats human and non-human productive inputs as interchangeable assumes that the dehumanisation of human labour is complete. But if it could ever be completed, the result would be the end of capitalism as a system capable of creating and distributing value.

Yanis Varoufakis

Capitalism has created a situation called scarcity. And that scarcity is not natural, it's socially induced. Along with that sense of scarcity, or feeling of scarcity, is a feeling of economic insecurity. Along with that is a feeling of deprivation... And unless we can demonstrate that that feeling is not justified technologically, we will not be able to speak intelligently to the great majority of people and reorganize our economy so that we really know what needs are rational and human and what have been created, almost fetishisticaly, by the capitalist economy.

Murray Bookchin

I've been a Fellow in a number of companies: Xerox, Apple, Disney, HP. There are certain similarities because all the Fellows programs were derived from IBM's, which itself was derived from the MIT 'Institute Professor' program.

Alan Kay

Some argue shareholder capitalism has proven more efficient. It has moved economic resources to where they're most productive, and thereby enabled the economy to grow faster.

Robert Reich

Consensus wisdom has it that all modern commercial fantasy novels fall into two camps: those derived from J.R.R. Tolkien and those derived from Mervyn Peake. The 'Lord of the Rings' template or the 'Gormenghast' mold.

Paul Di Filippo

Most people think of the economy as producing goods and services and paying labor to buy what it produces. But a growing part of the economy in every country has been the Finance, Insurance and Real Estate (FIRE) sector, which comprises the rent and interest paid to the economy's balance sheet of assets by debtors and rent payers.

Michael Hudson

Hegel's theory of recognition is basically derived from Fichte, who is its real author.

Allen W. Wood

Like the winds that we come we know not whence and blow whither soever they list, the forces of society are derived from an obscure and distant origin. They arise before the date of philosophy, from the instincts, not the speculations of men.

Adam Ferguson

Everyone carries within himself an image of womanliness derived from his mother: it is this that determines whether, on the whole,he will revere women, or despise them, or remain generally indifferent to them.

Friedrich Nietzsche

I see, therefore, the rentier aspect of capitalism as a transitional phase which will disappear when it has done its work. And with the disappearance of its rentier aspect much else in it besides will suffer a sea-change. It will be, moreover, a great advantage of the order of events which I am advocating, that the euthanasia of the rentier, of the functionless investor, will be nothing sudden, merely a gradual but prolonged continuance of what we have seen recently in Great Britain, and will need no revolution.

John Maynard Keynes

My hand moves because certain forces--electric, magnetic, or whatever 'nerve-force' may prove to be--are impressed on it by my brain. This nerve-force, stored in the brain, would probably be traceable, if Science were complete, to chemical forces supplied to the brain by the blood, and ultimately derived from the food I eat and the air I breathe.

Lewis Carroll

To put it bluntly, there isn't one economic theory that can single-handedly explain Singapore's success; its economy combines extreme features of capitalism and socialism. All theories are partial; reality is complex.

Ha-Joon Chang

I am not to blame for putting forward, in the course of my work on science, any general rule derived from a previous conclusion.

Leonardo da Vinci

There are all sorts of institutions in the economic world which depart from the simple price/market model which I worked on in an earlier incarnation and which has been sort of the mainstream of economic theories since Adam Smith and David Ricardo. There are all sorts of contractual relations between firms and individuals which do not conform to the simple price theory - profit-sharing schemes and so forth - and the explanation for these suddenly became clear. We now understand why these emerged and that they are based on differences in information in the economy.

Kenneth Arrow

A Quote by Chris Hedges

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