Capitalism's Deniers

Jonathan Nitzan and Shimshon Bichler

EconStor Preprints from ZBW - Leibniz Information Centre for Economics

Abstract: A new, capitalism-denying book is on the shelves, and it makes a stunning discovery: ‘Capitalism without competition is not capitalism’! Capitalist crisis, like climate change, tends to breed ‘capitalism deniers’. The problem, argue the deniers, lies not in capitalism but in its ‘distortions’. In its pure form, they maintain, capitalism is the best of all possible worlds. But to the deniers’ chagrin, contemporary capitalism is no longer pristine. Unlike its original, once-upon-a-time version, its current one is subject to distorting ‘imperfections’, ‘shocks’ and ‘exogenous’ events. And it is these aberrations – rather than capitalism itself – that should be blamed for the system’s misfortunes.

Keywords: capitalism; competition; fundamentalism; ideology; neoclassical economics (search for similar items in EconPapers)
JEL-codes: L L1 P (search for similar items in EconPapers)
Date: 2019
New Economics Papers: this item is included in nep-hme, nep-hpe and nep-pke
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:esprep:190952

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