Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.

To play devil's advocate, the traditional answer from socdems or commies to 1 and/or 3 is that concentration of capital is necessary for the modern industrial society.

Yes, of course. But there might be middle way: have very restricted and controlled events of capital accumulation. And shed lots of light (i.e. transparency) on them. And force them to not outlive some duration. And so forth.

But the real discussion is: how much industrial society do we need? One ipad every year, really?

Of course industrial society has some benefits: it allows use to be communicating here, for instance. And, of course, pre-industrial societies were in many cases an inequality disaster.

Then this discussion becomes extra-special if we thrown in the ongoing and increasing resource constriction of the next decades. It puts the feasibility of industrial society (especially at current levels) also on discussion.

by cagatacos on Mon May 30th, 2011 at 11:46:01 AM EST
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...have very restricted and controlled events of capital accumulation.

Capital accumulation means wealth creation. That is what economies should be doing, instead of rent-seeking.

The real issue is income distribution.

by kjr63 on Mon May 30th, 2011 at 05:35:18 PM EST
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One ipad every year, really?

But! But! A forever ipad, iphone and ipod would really take a bite out of the Apple and seriously piss of Mr. Market. The results on Apple stock would not be pretty.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Jun 13th, 2011 at 09:12:41 AM EST
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