Guess this author

The more things change, the more they stay the same, it seems. See if you can guess who authored this quotation on capitalism vs. socialism: (all emphases are mine)

The economic anarchy of capitalist society as it exists today is, in my opinion, the real source of the evil. We see before us a huge community of producers the members of which are unceasingly striving to deprive each other of the fruits of their collective labor—not by force, but on the whole in faithful compliance with legally established rules. In this respect, it is important to realize that the means of production—that is to say, the entire productive capacity that is needed for producing consumer goods as well as additional capital goods—may legally be, and for the most part are, the private property of individuals. For the sake of simplicity, in the discussion that follows I shall call “workers” all those who do not share in the ownership of the means of production—although this does not quite correspond to the customary use of the term. The owner of the means of production is in a position to purchase the labor power of the worker. By using the means of production, the worker produces new goods which become the property of the capitalist.

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Complacency II

I wrote about complacency once before. I focused on the complacency of most Americans in the face of the energy crisis that is clearly upon us. We have no assurance that gasoline won’t double or triple in price over the next five or 10 years, throwing our economy into a massive depression. With stakes like these, you would think that prolific energy wasters like us would immediately jump on our energy consumption problem by enacting a national conservation plan to cut our petroleum use in half. This could be accomplished by modifying our wasteful energy usage in dozens of ways. For instance, we really could carpool. We could build up our mass transit systems and encourage their use. We could walk and bike more. We could make our homes much more energy-efficient. Instead of building new homes in existing farm fields, we could renovate homes that already exist. While we’re at it, we could cut our use of all other forms of energy in half too. For instance, the technology already exists to make zero-carbon footprint buildings.

Others have written extensively regarding many methods by which we could reduce energy use. Due to the widely accepted law of supply and demand, cutting our use of energy would also have the effect of lowering the price of energy (relative to whatever it would have been had we not taken such measures), thereby diminishing the financial damage from our perennial trade deficits and budget deficits.

My concern is that so many people …

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Continue ReadingComplacency II