. . . promoting capitalist acts between consenting adults.
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Monday, 14 May 2018
QotD: Conspicuous consumption =/= capitalism
“It is an ironic sign of the depth of modern-day economic ignorance fomented by Keynesian economics that capitalism — an economic system based on capital accumulation from saving — is blamed for unleashing conspicuous consumption — the exact opposite of capital accumulation. “Capitalism is what happens when people drop their time preference, defer immediate gratification, and invest in the future. Debt-fuelled mass consumption is as much a normal part of capitalism as asphyxiation is a normal part of respiration.”
~ Saifedean Ammous.
We welcome thoughtful disagreement. But we do (ir)regularly moderate comments -- and we *will* delete any with insulting or abusive language. Or if they're just inane or off topic. It’s okay to disagree, but pretend you’re having a drink in the living room with the person you’re disagreeing with. This includes me. PS: Have the honesty and courage to use your real name. That gives added weight to any opinion.
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We welcome thoughtful disagreement.
But we do (ir)regularly moderate comments -- and we *will* delete any with insulting or abusive language. Or if they're just inane or off topic. It’s okay to disagree, but pretend you’re having a drink in the living room with the person you’re disagreeing with. This includes me.
PS: Have the honesty and courage to use your real name. That gives added weight to any opinion.