I wonder what you personally attribute this for.
As a libertarian, my blame goes towards the obviously insane money printing scheme that almost every single country has gone into with the pandemic excuse; what's your take?
I wonder what you personally attribute this for.
Albert Einstein is the world-famous physicist. This article was originally published in the first issue of Monthly Review (May 1949). …
—THE EDITORS (OF MONTHLY REVIEW)
Is it advisable for one who is not an expert on economic and social issues to express views on the subject of socialism? I believe for a number of reasons that it is.
Let us first consider the question from the point of view of scientific knowledge. It might appear that there are no essential methodological differences between astronomy and economics: scientists in both fields attempt to discover laws of general acceptability for a circumscribed group of phenomena in order to make the interconnection of these phenomena as clearly understandable as possible. But in reality such methodological differences do exist. The discovery of general laws in the field of economics is made difficult by the circumstance that observed economic phenomena are often affected by many factors which are very hard to evaluate separately. In addition, the experience which has accumulated since the beginning of the so-called civilized period of human history has—as is well known—been largely influenced and limited by causes which are by no means exclusively economic in nature. For example, most of the major states of history owed their existence to conquest. The conquering peoples established themselves, legally and economically, as the privileged class of the conquered country. They seized for themselves a monopoly of the land ownership and appointed a priesthood from among their own ranks. The priests, in control of education, made the class division of society into a permanent institution and created a system of values by which the people were thenceforth, to a large extent unconsciously, guided in their social behavior.
But historic tradition is, so to speak, of yesterday; nowhere have we really overcome what Thorstein Veblen called “the predatory phase” of human development. The observable economic facts belong to that phase and even such laws as we can derive from them are not applicable to other phases. Since the real purpose of socialism is precisely to overcome and advance beyond the predatory phase of human development, economic science in its present state can throw little light on the socialist society of the future.
Second, socialism is directed towards a social-ethical end.
As an anarchist, I agree with you lol. It's two things. The first is the monetary policy you point out, the second is the tendency for the rate of profit to fall which, itself is the driving factor that forced capitalists to adopt neoliberal montary policy.
I can think of at least three reasons.I don't have the energy to explain why the cost of production rises right now.
(Janata Weekly) (Note: This exchange appeared in the September 1961 issue of Monthly Review. The questions were submitted, in writing, to Comandante Guevara by Leo Huberman during the week of the Bay of Pigs invasion; the answers were received at the end of June.)
Leo Huberman: Have relations with the United States gone “over the brink” or is it still possible to work out a modus vivendi?
Che Guevara: This question has two answers: one, which we might term “philosophical,” and the other, “political.” The philosophical answer is that the aggressive state of North American monopoly capitalism and the accelerated transition toward fascism make any kind of agreement impossible; and relations will necessarily remain tense or even worse until the final destruction of imperialism. The other, political, answer asserts that these relations are not our fault and that, as we have many times demonstrated, the most recent time being after the defeat of the Girón Beach landing [the Bay of Pigs invasion], we are ready for any kind of agreement on terms of equality with the government of the United States.
LH: The United States holds Cuba responsible for the rupture in relations while Cuba blames the United States. What part of the blame, in your opinion, can be correctly attributed to your country? In short, what mistakes have you made in your dealings with the United States?
CG: Very few, we believe; perhaps some in matters of form. But we hold the firm conviction that we have acted for our part in accord with the right, and that we have responded to the interests of the people in each of our acts. The trouble is that our interests, that is, those of the people, and the interests of the North American monopolies are at variance.