Friday, October 30, 2009

Capitalism, In Essence

1. Consumers use money to get what they want.
2. Sellers are rewarded with money for giving consumers what they want.
3. Money in hand, sellers turn into consumers and get what they want./To get more money, consumers turn into sellers and give people what they want.
4. Repeat—ad nauseum.

Meanwhile, everyone knows of course that people shouldn't always have what they want.


  1. This comment has been removed by the author.

  2. You mean, capitalism according to the--clearly--most simplistic models of the economy?

    And I'm glad to see you're reading Chomsky!

  3. I think this model captures the important driving forces of the economy. What does it leave wanting?