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Capitalism Against Itself (Critical Views And Insights)

Author

Listed:
  • Metody Kanev

    (D. A. Tsenov Academy of Economics)

Abstract

The pragmatic mass conscience and behavior of individuals towards the achievement of private and public wealth sets the accumulation of capital as its leading motive and factor – it creates jobs, goods and income. As it turns into a lifestyle, it becomes a mass principle of modernity which has led to renaming it to capitalism. This, however, poses the question – does moderniy not problematize the relationships economic – non-economic activities, capital – labor, private – public interests, national – global dependencies? On balance, does it not ignore the moral nature of man contrary to its initial humanistic spirit? The article makes an attempt to defend this hypothesis as it takes into account the views of a number of established social erudite scholars; the judgements are supported by empirical proof leading to the conclusion that by evolving, capitalism all by itself prepares the need of a reorganization of social life on a new basis. As a result of the presented arguments, we reach the conclusion that successful countires will rely primarily on the free multifaceted development of each individual. With a veiw of all this, we need a complete (economic, spritiual, social and legal and political) vision of a positive change which shall harmoniously direct its resources to all spheres of life. This would secure: spirituality – ideas, culture and meaning; economy – material prosperity; morality – virtue; legal and political sphere – social peace, harmonious and just social order.

Suggested Citation

  • Metody Kanev, 2021. "Capitalism Against Itself (Critical Views And Insights)," Economic Archive, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 4 Year 20, pages 3-21.
  • Handle: RePEc:dat:earchi:y:2021:i:4:p:3-21
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    File URL: http://hdl.handle.net/10610/4602
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    Citations

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    Cited by:

    1. Stoycho Dulevski, 2021. "Permanent Establishment And Fixed Establishment In The Context Of The Subsidiary And The Digital Economy," Economic Archive, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 4 Year 20, pages 36-52.
    2. Vladislav Lyubenov, 2021. "The Eurozone Yield Curve Shape During Covid19: A Projection Of Investment And Macroeconomic Expectations," Economic Archive, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 4 Year 20, pages 67-90.
    3. Petko Angelov & Sylvia Zarkova, 2021. "The Financial Transparency Of Bulgaria’s Municipalities Within The European Economic Digitalization," Economic Archive, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 4 Year 20, pages 22-35.
    4. Silviya Todorova-Petkova, 2021. "Problems Afore The Convergence Of The Planning Regions In Bulgaria," Economic Archive, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 4 Year 20, pages 53-66.

    More about this item

    Keywords

    Capitalism; anti-Keynesian revolution; private and public interest; anthropocene;
    All these keywords.

    JEL classification:

    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • P10 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - General

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