- Capitalism and Alternatives -

rich and famous

Posted by: Gee ( si ) on November 15, 1999 at 18:23:39:

In Reply to: LTV and STV posted by bill on November 15, 1999 at 12:12:51:

: If one watches the "Lifestyles of the Rich and Famous" - identification of the protagonists is almost invariably in terms of possessions, ownership, ie. Having. If it is ever Doing, it is in the context of vacationing or consumption - Never Production.

I would concur as far as rich but unproductive inheritors, actors, musicians etc go - but not for the productive rich - people who work businesses regardless of income/wealth - they still speak of doing - although its very telling that the media prefers to portray them simply as having, as if the doing were not a necessary pre-cursor to having.

: While these are descriptors of economic activity, they have certain consequences when applying rationality to a social system. The problem with the equation, is that it completely disregards the world consequences of tieing an economy to a wheel of Desire.

As a tool for thinking about why prices are what they are it does ignore consequences as such - my mjor point has always been simply that LTV does not provide a frame work for calculation of 'exploitation'.

: It reminds me of the question neither of us answered some weeks ago: "What do you do about a spoiled child?"

Yes I recall - I wondered what a socialist would do about it.

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