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Commentary on Philosophy of the Economy
Changing Priorities.
The main difference between the Capitalism and the Marketism is the prioritization of the Governmental policies and following tools of Economics toward Medium to Small Business and Investors instead of the trickle down ones toward Big Businesses and Large Investors; such change is a basic change of the ideologies of the Capitalism and who the Government should represent and promote;
But why it should happen and what effect on the whole economy it might have?
The Major Political Philosophy Behind the Union of Europe
Thomas Hobbes’s insight into the necessity of the community holds strong resonance with the views postulated by Plato. Plato realized that the individual can only be understood through the lens of the society. Man is in constant interaction with the closest other. They in turn are also in a very close social relations with others. This communal cooperation multiplies until the whole world is but one small castle. This is not merely an action of free volition, it is a necessity for social stability and growth. This has being a perennial philosophic view of politics.
This idea formed the premise upon which the blueprints of the European Union emerged. The whole of Europe, as of 1945, just emerged economically and politically shattered from two wars of universal proportions. In other to avoid a repeat, there has to be a reconciliation of nations. This must not merely be a cooperation between nations, it must be a union that goes beyond the national components. This will enable the formulation and implementation of policies that will be mutually benefitting to all stake holders and remain highly enforceable without some restricting national frictions.
An Everyman’s Guide to Basic Economic Theory
These 3 political/economic theories can be best illustrated on a continuum.
At the left is communism, simply stated; From each according to his ability, to each according to his need.
At the right is capitalism, simply stated; Winner takes it all, Loser takes the fall.
In the middle lies socialism, simply stated; He’s got the whole world in his hands…