Innovation without Capitalism

April 2, 2012

Many may argue that the economy can’t progress unless the reward of refluxive capital is a possibility.  This ignores the fact that much of the wealth of the world is “undeserved” to the point that 6 members of the Wall-mart fortune are worth as much as the lowest 30% of all Americans.  Even if we argue that work or gifts should be rewarded, this is a relative statement within a society and does not mean financial power should be used as a primary term of reflux.

I would say that all economies demand a refluxive component which is only to say that all economies have an axis of pleasure which drives the desires of that economy.   But these do not have to be capital.  They do not need to lead to the hoarding of value.  Love, beauty, praise, memory, etc. are all refluxive values.  Capital and power are the two that are not stable.

 

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