tag:blogger.com,1999:blog-18648436.post4635345932978760122..comments2023-12-22T08:30:21.301+00:00Comments on Wading Through Treacle: And this is the best you could do?Nigel Seelhttp://www.blogger.com/profile/14407392760306614271noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-18648436.post-59558501917149531192017-05-21T11:59:47.218+01:002017-05-21T11:59:47.218+01:00I have now listened to the Tony Smith talk. Some p...I have now listened to the Tony Smith talk. Some points:<br />(a) He mentions that there are four kinds of markets:<br /> (1) Consumer Markets (the Shops)<br /> (2) Producer Markets (business to business)<br /> (3) Labour Markets (the workers and their wages)<br /> (4) Capital Markets (the owners and their financial assets e.g. Shares)<br /><br />He wants to keep (1) and (2) - hence still Capitalist, but remove (3) and (4) hence Socialist.<br /><br />(b) His primary argument was that Innovation doesnt produce Economic Growth anymore because the world has too many Research Centres! Marginal research advantage no longer exists, unlike in the past.<br /><br />Schweickart was a mathematician who turned to Marxism and Philosophy - his second edition is from 2011 updated to include all the 2008 Crash details etc (viewed as partial confirmation of his 2002 ideas).<br /><br />"I am also of the opinion that a post-capitalist future will emerge from a capitalism which has automated away almost all routine jobs." This sounds like a hard sell. My own view is probably an even harder sell:<br /><br />"Further Science-Technology developments will be required to understand and develop the right sort of universal society."<br />Royhttps://www.blogger.com/profile/17844610890344836500noreply@blogger.com