[lbo-talk] they don't make mega-bears like they used to

Charles Brown charlesb at cncl.ci.detroit.mi.us
Tue Dec 30 10:44:59 PST 2008


Ted Winslow wrote:


> The "essential characteristic" of capitalism, he [Keynes]
> claimed, was "the dependence upon an intense appeal
> to the money- making and money-loving instincts of
> individuals as the main motive force of the economic
> machine

^^^^ CB: This is incorrect use of the term "instinct". Money making and money loving are not instinctive , but "socially constructed" , cultural, historical. For 99% of human existence, in the early part of which period human instincts were formed , there was no such thing as money.

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