[lbo-talk] Keynes: Marx and the Koran

[Carl Remick]

On 9/19/07, Shane Mage <shmage at pipeline.com> wrote:
>
> Carl Remick wrote:
>
> >Word order here means everything.  Schumpeter's claim that capitalism
> >caused "creative destruction" clearly means that capitalism destroyed
> >the outmoded to create something new and improved.  In reality
> >capitalism blindly destroys things that retain value in order to
> >deliver spurious innovations -- things that are New! and Improved!
> >only in terms of advertising puffery....
>
> Marx and Schumpeter were talking about technological progress in the
> *means of production* under capitalism with its *concomitant*
> destruction of "capital values."  The economic analysis of neither is
> in the least concerned with their own subjective views of the
> worthiness of particular consumption goods offered on the market.  To
> condemn capitalism because of the alleged "spuriousness" of those
> use-values is to wallow in what both Marx and Schumpeter would
> unhesitatingly call philistine sentimentality.

The *alleged* spuriousness?  You really should get out more often.

Carl