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 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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