<---Capitalism (which I can't really define) creates technological development. Lol.https://twitter.com/Outsideness/status/866863872640155648 …
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Replying to @Neoabsolutism
Read Böhm-Bawerk and stop embarrassing yourself. "Round-about production" is capitalism, in both its technological and financial sense.
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Replying to @Outsideness
Please, this attempt to universalise and de-historicise the concept of capitalism is a squalid fraud.
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Replying to @Neoabsolutism @Outsideness
Well let's put it this way. Is supply and demand a useful concept? How about the marginal revolution? Baby steps.
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Replying to @i_contemplate_ @Outsideness
When you cannot even define the terms to be discussed, discussion is going to be totally worthless.
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Replying to @Neoabsolutism @i_contemplate_
Capitalism = systematized round-about production. That defines technology simultaneously. Now your turn.
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Replying to @Outsideness @i_contemplate_
Capitalism = absurb belief that all property is primary property, and not secondary. Tied in with absurd 16th century political conflict.
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Replying to @Neoabsolutism @Outsideness
Dude in your own scheme, that distinction is immaterial. You can just say that the sovereign 'allows' the arrangement.
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Call 'private' property secondary property. Now what? Just as the Carlylean ship, to go around the Cape must obey nature's laws...
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So must innovation and production follow some basic requirements.
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None of this has to be inconsistent with the neoabsolutist paradigm. Obviously a lot of bullshit has to be thrown out of economics.
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It'll be hard work to reconstruct it all. But it's not the same as sociology or political science.
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Replying to @i_contemplate_ @Outsideness
Who said I object to anything like supply and demand or roundaboutness? I object attempts to define capitalism as historical.
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End of conversation
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