Tuesday, October 10, 2017

Tim O'Reilly — It’s Time to Rewrite the Rules of Our Economy

Future economic historians may look back wryly at this period when we worshipped the divine right of capital while looking down on our ancestors who believed in the divine right of kings.
I could not have said it better myself.

Bourgeois liberalism as rule by the ownership class is as outrageous an assumption as rule by divine right. 

The defenders of rule based on ownership of property is justified as "natural" rather than "divine." Both justifications are baseless assumptions harkening back to previous ages, when they were used to justify the foundations of social, political and economics systems that had developed historically through struggles in which the victors got to write the rules.
As Joseph Stiglitz so powerfully reminded us in his book of that name, we can rewrite the rules.…
It’s time to rewrite the rules. We need to play the game of business as if people matter.
I would say rather than it's time to put people first and not a privileged class.

It’s Time to Rewrite the Rules of Our Economy
Tim O'Reilly | founder and CEO of O'Reilly Media Inc.

See also
Let it be said at once: the suppression of the wealth tax (Impôt sur la Fortune or ISF) constitutes a serious moral, economic and historical mistake. This decision reveals a profound misunderstanding of the challenges to inequality posed by globalisation.
Le Monde — Le Blog de Thomas Piketty
Suppression of the wealth tax: an historical error
Thomas Piketty | professor (directeur d'études) at the École des hautes études en sciences sociales (EHESS), associate chair at the Paris School of Economics and Centennial professor at the International Inequalities Institute, which is part of the London School of Economics (LSE)

1 comment:

Ryan Harris said...

Sacred Monarchies That Survive The Postmodern Age

Weird how people all over converge on broad themes at once. Spooky action at a distance. Or we're all connected by some great network.