When did capitalism stop being an economic and social system using markets to distribute goods and services, and suddenly become a political system?
That's the joke! All economic theories are, in essence, at their core, political systems! Think about it. Economic theories dictate who should keep money, what money is, how it should be created and circulated, how/if it should be exchanged for value . . . everything necessary to determine who keeps that value and who produces it!
In fact, back when Adam Smith was scribbling furiously in the late 18th century, he was quilling what was then called "political economy," and if you wanted to study it formally the place to go was a university or college that had course in the same. The first major university that had a simple "Economics" department was the University of Chicago, which is a hotbed of the kind of economics Rush "out on a" Limbaugh espouses. Weird, right?
It gets better! As you note, these guys use the following excuse:
"See, he's just saying whatever would help him gain more audience, and ultimately, sell his product to the public better".
Ah, but wait! All commercially-controlled media outlets do this! Why? Because they are supported by Capitalists, who demand that the media outlets they support also support capitalism!!!
Ever wonder why no telly outfit ever broadcast a non-polemical scholarly program outlining what Karl Marx actually wrote about economics? Ever wonder why the only mention of Marx and his "followers" is dismissive? Ever wonder—going to the heart of the established "economics is a science", despite all evidence that it truly is not—why no one on telly notes that Alfred Nobel gave not two shits about economics and most certainly did not endow a prize to award advances in it, let alone give those prizes along with the prizes he did endow?
No, no program would, not if they are supported by the system asking such questions might undermine!
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Date: 8/12/13 20:15 (UTC)When did capitalism stop being an economic and social system using markets to distribute goods and services, and suddenly become a political system?
That's the joke! All economic theories are, in essence, at their core, political systems! Think about it. Economic theories dictate who should keep money, what money is, how it should be created and circulated, how/if it should be exchanged for value . . . everything necessary to determine who keeps that value and who produces it!
In fact, back when Adam Smith was scribbling furiously in the late 18th century, he was quilling what was then called "political economy," and if you wanted to study it formally the place to go was a university or college that had course in the same. The first major university that had a simple "Economics" department was the University of Chicago, which is a hotbed of the kind of economics Rush "out on a" Limbaugh espouses. Weird, right?
It gets better! As you note, these guys use the following excuse:
Ah, but wait! All commercially-controlled media outlets do this! Why? Because they are supported by Capitalists, who demand that the media outlets they support also support capitalism!!!
Ever wonder why no telly outfit ever broadcast a non-polemical scholarly program outlining what Karl Marx actually wrote about economics? Ever wonder why the only mention of Marx and his "followers" is dismissive? Ever wonder—going to the heart of the established "economics is a science", despite all evidence that it truly is not—why no one on telly notes that Alfred Nobel gave not two shits about economics and most certainly did not endow a prize to award advances in it, let alone give those prizes along with the prizes he did endow?
No, no program would, not if they are supported by the system asking such questions might undermine!