The Remoralization of Capitalism

Tiberiu Brailean () and Aurelian-Petru? Plopeanu ()
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Tiberiu Brailean: Alexandru Ioan Cuza University of Ia?i
Aurelian-Petru? Plopeanu: Alexandru Ioan Cuza University of Ia?i

Acta Universitatis Danubius. OEconomica, 2014, issue 10(1), 160-170

Abstract: Nor the capitalism nor the communism prove to be the ideal systems. The second has imploded, while the first is transformed under the impact of the strong forces of globalization, crisis, technology, demography and ongoing ideas. It is looking for some kind of mixtum compozitum, which often prove just pure illusions. The crisis is proving to be a structural one, even a systemic one, not as cyclical as it was thought. The deepest wound of the current hyper-capitalism comes from its desecration and demoralization, reaching to some excessive consumption behaviors, speculation, virtualization, financialization, merchantability, alienation, manipulation etc. The background solution may come, in our opinion, only from a system‘s remoralization and re-enchantment, even though Hayek once said that the markets are amoral.

Keywords: market; state; neoliberalism; crisis; globalization (search for similar items in EconPapers)
Date: 2014
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