Did you hand-in your case?



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tarix08.08.2018
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Did you hand-in your case?

  • Did you hand-in your case?

  • You know after the last slide I hope to hand back the exams?

  • What is conspicuous consumption and why does in not fit with our notions of capitalism?

  • What is the Cultural Contradiction of capitalism and why does in not fit with our notions of capitalism?

  • How Perfect is the market?

  • What advice could I send you off with?



Thorstein Veblen [647]:

  • Thorstein Veblen [647]:

  • Is wealth & its conspicuous display is honourable, in & of itself?

    • At some point money is just score keeping.
  • Daniel Bell [649]

  • The Cultural Contradiction of capitalism is that it’s a system that grows via savings but,

  • in the end, breeds consumption.



Rise of the Welfare State

  • Rise of the Welfare State

  • Stagflation & Schumpter

    • Creative Destruction & Profit
    • Need for reinvestment
    • Drain from the Welfare state
    • Hi Unemployment & inflation
    • VooDoo (Trickle Down) economics
  • Communism’s fall, Market’s assent

  • Competition or Corporatism.



• A perfect market is like a free lunch (neither exist).

  • • A perfect market is like a free lunch (neither exist).

  • • If something doesn’t seem right, look at it closely. If it has stupid written all over it, don’t do it!

  • • People prefer more freedom to less (try to give them it). (Farmer’s Law) [from soap to information]

  • • Rights are the poor relation to power (Sheppard’s Power Law).

  • • Capacity required expands to meet Capacity available (Sheppard’s Demand Law).

  • • It’s always a bunch of little things.

  • • There’s nothing new under the sun (ignore the Zeitgeist).

  • • You can’t count past nine (7 + or - 2) .

  • • There’s always something else.



A feature-length documentary film chronicling the efforts of G.M., as it turns its hometown of Flint, Michigan, into a ghost town.

  • A feature-length documentary film chronicling the efforts of G.M., as it turns its hometown of Flint, Michigan, into a ghost town.

  • In a quest to discover why GM would want to do such a thing, Flint native Michael Moore, tries to meet G.M. chair, Roger Smith, and invite him out for a few beers up in Flint to ‘talk things over.’





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