Who is Immanuel Wallerstein and does his “world-systems” approach provide insights into our social and economic world? Check out some of Wallerstein’s writing here, and an interesting an relevant article on his thinking for today is here. Follow Cameron
Wallerstein's idea of how capitalism hates competition and seeks rent explains a lot, and by looking at the past, we can imagine how, with new technology, it will repeat itself. He is right, provided the social system does not evolve as described by Mark Pagel in Wired for Culture. When you look at evolution and complex adaptive systems, change does not happen from the top down but from small changes in how agents interact.
All the profit in today's capitalism goes to the owner of Capital, which is negative reciprocity. We know the system must become unstable, as economic exchanges that give one side an advantage will lead to a Zipf distribution in wealth and an inefficient financial system.
A social evolution that replaces negative reciprocity with balanced reciprocity is for producers to share future profits with the customers who supply the money to make the profit. Contact me if you would like a ready-made research proposal where the funds will come from a group of financial institutions suffering at the hands of predatory capitalism headed by our Reserve Bank.
Wallerstein's idea of how capitalism hates competition and seeks rent explains a lot, and by looking at the past, we can imagine how, with new technology, it will repeat itself. He is right, provided the social system does not evolve as described by Mark Pagel in Wired for Culture. When you look at evolution and complex adaptive systems, change does not happen from the top down but from small changes in how agents interact.
All the profit in today's capitalism goes to the owner of Capital, which is negative reciprocity. We know the system must become unstable, as economic exchanges that give one side an advantage will lead to a Zipf distribution in wealth and an inefficient financial system.
A social evolution that replaces negative reciprocity with balanced reciprocity is for producers to share future profits with the customers who supply the money to make the profit. Contact me if you would like a ready-made research proposal where the funds will come from a group of financial institutions suffering at the hands of predatory capitalism headed by our Reserve Bank.
In terms of my own economic enlightenment post university study
I recommend Debt: The First 5000 Years by David Graeber
He was an anthropologist too although less rigid than Wallerstein appears to be
Lost credibility at the non-ironic endorsement of Sapiens. Are you kidding me?
Can I see an abstract?