Hmmm: "Peter Foster: Even Thomas Piketty’s fans admit his anti-capitalist ideas are naive and nonsensical"

Peter Foster says:

thomas-piketty1

Thomas Piketty

...corporations can only become truly dangerous or burdensome through big government....
...
... isn’t it capital that creates economic growth?

Source: Peter Foster: Even Thomas Piketty’s fans admit his anti-capitalist ideas are naive and nonsensical | Financial Post.

The idea that "corporations can only become truly dangerous or burdensome through big government" is ignorant. A world in which there is no "big government" certainly wouldn't preclude corporations becoming even more dominant than they are now.

As for it being only capital that creates economic growth, it is in a society based on money; but successful economies don't have to be based upon money. In addition, it appears that Mr. Foster is attempting to conflate capital with capitalism. Capital is money, and money can exist without capitalism and capitalists, per se. One might argue the point of state capitalism, but that would be stretching Foster's point way beyond what he's discussing.

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  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
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