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Opinion Summary
Is Capitalism Inevitable? Part III
by TheAdvocate | Oct 15 '00
Pros: Thought-provoking argument for a new economic paradigm
Cons: Too dry and technical for many lay readers

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OVERALL RATING
Product Rating: 5.0



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Comments on Is Capitalism Inevitable? Part III" (5 total)  
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Date Written
well written thinking (Reply to this comment)
by amadeusb4
I did not find a contradiction in the two statements you presented towards the close of your epinion. Both are valid if you think of the corporation as the unit of evolution (the individual in this case) and employees as its organs. The organs do not have to die with the death of the body as has been proven with the advent of transplants. Employees are in effect transplanted organs. Many even used for the same functions they served in their previous body.

This is the first time I have been exposed to Bionomics, and not having read the book I am curious if it would offer an explanation as to how capitalism would sustain the ecosystem. Similarity does not immediately imply sympathy. It is nature's goal to make life abundant while it is capitalism's goal to make profit abundant. I do not see how the two goals are similar despite the fact that both mechanisms may be operating on the same principle. That is like saying that two trains must reach the same destination simply because they are being pulled by similar engines on the same track.

Such an explanation would fascinate and enlist me as missionary to its cause.
Apr 30 '01
8:53 pm PDT

better than the book (Reply to this comment)
by autodidact
I read Bionomics shortly after it was published. I was unimpressed then and remain so. I think your adjective "intriguing" captures the book best. It is interesting and thought-provoking, but ultimately not very satisfying. It is metaphor rather than model. I was unable to find a single falsifiable prediction in a lengthy and detailed analysis. What would have to happen in the economy or in technology next year for Rothschild to admit he was wrong? Obviously, the static foundations of the standard economic models are fundamentally flawed, but I don't see Rothschild providing any useful alternative. I suspect that Paul Romer's work is much closer to getting at the problem, but that really immerses one in Greek letter economics. All that having been said, this is a great review, a better synopsis of Bionomics than can be found in the book. I look forward to reading your other reviews.
Oct 26 '00
6:50 am PDT

I love to read... (Reply to this comment)
by George_Chabot, George_Chabot is an Advisor on Epinions in Books
your opinions on these deep subjects! Glad to see you back! :>

Best regards,

George
Oct 19 '00
12:10 pm PDT

I have no quarrel with your review... (Reply to this comment)
by mridula
... but I have a lot with this line of thought in Economics. I have read a lot of others on using metaphors for the economic systems, and to me slowly it is getting accepted that ecosystems are predominantly political than anything else. Take a moment and reflect. Can even a small organization be self sustaining? Forget about the ecomony.

If you want to read more on this there is a very good book my Gareth Morgan on metaphors of organizations. If you are interested I can give you the full details, but please use email.

cheers
mridula
Oct 17 '00
2:39 am PDT

Thanks for... (Reply to this comment)
by RichBoston
...the most thought provoking and best written reviews on this site!

Rich
Oct 16 '00
10:32 pm PDT
   

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