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Capitalism, The Internet, And The Rebirth Of The Entrepreneur
Ideologies are extremely slippery concepts. Indeed, they have become (intentionally) categories of quasi-religious dogma which sabotage thought more than they communicate thinking. It is for this reason that the dogma of all these ideological zealots rarely finds its way into any of these commentaries.
Today’s subject, however, is one where it is impossible to fully explore it without spending some time wallowing in this dogma, specifically the ideology known as “capitalism”. In fact, this discussion is also an ideal means of exposing how/why all of these idiot-ideologies are almost completely intellectually bankrupt as vehicles of analysis.
We see one example of the fraud of these ideologies when we note, historically, that we have seen the rise of two virtually opposite models of economic development, but where both have been filed under the (meaningless) label of “capitalism”. One of these models of so-called capitalism is the entrepreneurial model. We saw this form of “capitalism” demonstrated, in its purest form, in the entrepreneur-based economy of the United States, in (primarily) the 19th century.
In this manifestation of so-called capitalism, the mantra is simple. Every man (and working woman) seeks to “be his own boss”. (Mere) employment is seen as nothing more than a means of apprenticing and/or acquiring the necessary experience to then become one’s own boss. Let’s call this “small-c” capitalism. It was a highly egalitarian model, and also an extremely prosperous one, as demonstrated by the rapid rise of the U.S. economy during its entrepreneurial era.
In contrast to this; we have the other model of so-called capitalism: the factory model, originally pioneered in (where else?) Germany. In this model of “capitalism”; societies are class-divided into two groups: the (factory) owners, and the (factory) workers. Along with this, we see a sycophantic, pseudo-aristocracy: doctors, lawyers, economists, and other so-called “professionals”, who rigidly and enthusiastically support this two-tiered society, since they are in the top tier, themselves.
Most-important amongst these sycophants are the charlatan economists, since they are the frauds whose dogma supposedly “explains” and justifies this industrial feudalism. There can be no doubt here, nor any distinction between the so-called “Keynesians” and “Austrians”. Both camps are shameless elitists, who unequivocally endorse such two-tiered societies. Let’s call this “big-C” Capitalism.
In the Capitalist model of these charlatan sycophants; the workers are not even considered to be “people” (or citizens). Rather, they are referred to as “wage units”. And according to the dogma of both camps of these charlatans; in the ideal economy we would see “a stable wage unit”.
Translation? The real wages (and standard of living) of the workers (the vast majority) never rises. Instead, all of the benefits/prosperity produced by the labours of the workers is divvied-up by the “people” at the top: the factory Oligarchs, and their sycophants.
What happens any time that the Workers see any actual (real dollar) gain in their wages – and thus their standard of living? Both the Keynesian charlatans and the Austrian charlatans call this “wage inflation”, and preach that this is an unequivocal evil; something which must be immediately stamped-out, via anti-worker economic policies from our puppet governments.
Source: http://bullionbullscanada.com/canadian-commentary/26623-capitalism-the-internet-and-the-rebirth-of-the-entrepreneur
