----- Original Message ----- From: "tfast" <tfast at yorku.ca>
Let me make a prediction: if capitalists successfully address the environmental issue they will do so only after they are forced to because the price system has been regulated in such a way as to send the "right" signals. But then that will point to the success of the social regulation of capitalist markets and not capitalist markets making good social regulation.
Why so much contempt in your heart Woj?
Travis
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Which *systems* of prices? There are systems and subsystems and subsubsystems etc. with all kinds of recursions, fractalities etc. across commodities, ecosystems, temporal scales, knowledge webs of agents of a staggering variety of species and taxa etc., so the grammar of *the price system* is problematic to say the least. And as we have no idea of what a non-regulated price system is, it's rather difficult to assert where the social regulation of capitalist markets leaves off and the capitalist markets regulation of societies begins; a massive problem of undeterminations and overdeterminations. I don't think this is a recipe for despondency; it does mean that we have to give up the idea of the price system as some kind of computational monolith - a vestige of neoclassical thinking.
Ian