Wevber on Capitalism

George Snedeker snedeker at concentric.net
Sat Jun 23 19:04:52 MDT 2001

Weber defined capitalism by the rational calculation of profit, not the
process of exploitation and the production of surplus value. this leads to
quite different conclusions about the nature of the capitalist world
economy. Weber did not deny the existence of class conflict. for him, it was
not the motor of history. rationalization was the dominant trope for Weber.
in 1918, he gave a speech where he claimed that capitalist crises were a
thing of the past. in the future, government management of the economy would
do the trick. oh yes, then there was 1923...

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