tag:blogger.com,1999:blog-2761684730989137546.post8657908400561052506..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Yilmaz Akyuz — How to Understand Globalization: Not Nations, But Class mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2761684730989137546.post-39142930349653668082017-03-24T13:16:12.281-04:002017-03-24T13:16:12.281-04:00This is inherent in the institutional design of ca...<i>This is inherent in the institutional design of capitalism, which favors owners (capital) over workers (labor) ... </i> Tom Hickey<br /><br />Yes, since the former are the most so-called worthy of what is, in essence, <b>the public's credit</b> but for private gain and private wealth concentration into fewer and fewer hands.<br /><br />Without government subsidies for usury, it's likely that capital would be much more broadly owned so that the distinction between capital and labor would be much less pronounced than it is.Andrew Andersonhttps://www.blogger.com/profile/14296407661618321637noreply@blogger.com