<abstract xmlns="http://www.w3.org/1999/xhtml"><p>In this paper I discuss two long disputed notions: that capitalism without crises is a fallacy respectively that capitalism bashing, however severe, will not endanger the system itself. Yet proving both is not an easy task since the capitalism issue has always been a cupellation of theory, ideology and political precepts, which are controversial and hard to disentangle. That capitalism detractors are numberless is a truism. Yet criticism against capitalism, however fierce, has always been clearly delineated. Not any more: globalization has rendered the picture dangerously fuzzy. It is now hard to ascertain whether someone who will harangue about the ostensible evils of globalization is also a declared anti-capitalist. The blend of capitalism and globalization seems to be pure dynamite.</p></abstract>

In this paper I discuss two long disputed notions: that capitalism without crises is a fallacy respectively that capitalism bashing, however severe, will not endanger the system itself. Yet proving both is not an easy task since the capitalism issue has always been a cupellation of theory, ideology and political precepts, which are controversial and hard to disentangle. That capitalism detractors are numberless is a truism. Yet criticism against capitalism, however fierce, has always been clearly delineated. Not any more: globalization has rendered the picture dangerously fuzzy. It is now hard to ascertain whether someone who will harangue about the ostensible evils of globalization is also a declared anti-capitalist. The blend of capitalism and globalization seems to be pure dynamite.

An Economic Viewpoint on Capitalism Bashing

Studies in Business and Economics

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"An Economic Viewpoint on Capitalism Bashing"}

In this paper I discuss two long disputed notions: that capitalism without crises is a fallacy respectively that capitalism bashing, however severe, will not...

An Economic Viewpoint on Capitalism Bashing

Published Online: Jan 23, 2017

Page range: 5 - 20

DOI: https://doi.org/10.1515/sbe-2016-0031

Keywords
capitalism, business cycle, depression, crisis, banks, exchange rates

© 2016 Burnete Sorin, published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

An Economic Viewpoint on Capitalism Bashing

Published Online: Jan 23, 2017

Page range: 5 - 20

DOI: https://doi.org/10.1515/sbe-2016-0031

Keywordscapitalism, business cycle, depression, crisis, banks, exchange rates

© 2016 Burnete Sorin, published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
capitalism, business cycle, depression, crisis, banks, exchange rates