Tuesday, August 04, 2015

Quibbling over the vernacular: "post capitalism"

In general, I like the article but to call the increased efficiency of markets as being "post capitalist" seems as a bit silly and sensationalist but the basic premise is this:

New forms of ownership, new forms of lending, new legal contracts: a whole business subculture has emerged over the past 10 years, which the media has dubbed the “sharing economy”. Buzzwords such as the “commons” and “peer-production” are thrown around, but few have bothered to ask what this development means for capitalism itself.
It's worth noting that the term "capitalism" itself was coined and created as a pejorative by self described "socialists" (econlib)

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