TY - BOOK ID - 144507022 TI - The Capitalist Economy and its Prosthetics : Necessity, Evolution and Dilemmas of a Brotherhood PY - 2024 SN - 9783839472781 3839472784 PB - Bielefeld : transcript Verlag, DB - UniCat KW - Capitalism. KW - Deficit financing. KW - SOCIAL SCIENCE / Sociology / General. KW - Capitalist Economy. KW - Economic Sociology. KW - Economic Theory. KW - Economy. KW - Money Creation. KW - Politics. KW - Prosthetics. KW - Systems Theory. UR - https://www.unicat.be/uniCat?func=search&query=sysid:144507022 AB - Notwithstanding its ruthless dynamics, the capitalist economy has the flaw of deficient employment-generating spending. This leads to unemployment of non-owners, individual suffering, social unrest and it undermines military strength. To deal with these issues, states use prosthetic policies, artificial transfers to the productive economy and to non-owners. But the funding of such prosthetic policies - through violent wealth appropriation abroad, protectionism, war, domestic expropriation and taxation, debt and money creation - is caught in dilemmas, while politicians are caught between non-solutions. According to Gerhard H. Wächter, the history of capitalist society is largely the history of this dilemmatic brotherhood. ER -