[lbo-talk] consumption and inequality

Joanna 123hop at comcast.net
Tue Feb 12 21:50:51 PST 2008


Wojtek Sokolowski wrote:
> economic theory in a capitalist society is legitmation
> of the capitalist system as a "natural" institituion
> ruled by "natural" laws akin to the laws of physics.
> This physics-envy is not just a wet dream of the
> economic profession - it is the only product the
> economists have in store that is of any value to the
> ruling class. Without that physics-envy, economics
> would utterly fail its main function - to legitmize
> capitalism as a "natural" institution, but instead
> would portray it is a subjective one, and as such,
> subject to questioning.
>
>
Nicely said. And basically, this is the content of many of the "professions."

I mean, if you have the power to define the terms, you've pretty much won the game.

Joanna



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