So that’s the modern economy analysed then

The problem with the economy we have had is that it has been based on the single idea of individual hedonism that is indifferent to consequences underpinned by rentier exploitation of many for the gratification of a few.

Erm, if we’re all into individual hedonism then aren’t we rather running on the gratification of the many, not the few?

12 thoughts on “So that’s the modern economy analysed then”

  1. I think it makes sense. If everybody pursues their own best interests, then some are bound to do it at the expense of others, even though those others are also attempting to pursue their own best interests.

    In other words everybody looking out for number one produces winners and losers, classic socialist dogma.

  2. This word “rentier” tells me always everything in an instant I see it if the piece I’m reading is rubbish and the writer is rubbish too, so I always stop reading there.

    The way I tend to think is savers versus debtors, that is, hard money camp versus easy money camp. It is always the savers who get shafted until there’s a reckoning, a reset, then it all starts again.

  3. Hedonism? The pursuit of pleasure has nothing to do with consumerism or whatever rentier evil der Herr Kapitän Kartoffel is maundering about. He should be playing with his trains and giving his OO-gauge fantasies a rest

  4. Any guesses as to the number of words in this sentence that Spudhead either misuses or misunderstands? I am going for 8: the problem, economy, individual hedonism, rentier exploitation, gratification.

    For example, in our economy there are organisastions such as the Cooperative society, various Friendly Societies, the Guardian, The Labour Party that are based on some kind of principle of groupwanking hedonism. Are these organisations

    indifferent to consequences underpinned by rentier exploitation of many for the gratification of a few?

    How does our sainted and divi9ne NHS fir into his model? However, why bother arguing with a Spudhead, it achieves nothing apart from anger on both sides.

  5. Been trying to create a longer English word than the German one about a Danube steam ship captain’s hat

    Donaudampfschifffahrtskapitänsmütze

    Elyendterracemodeltraincontrollerspinkcardigan

  6. Bloke in North Dorset

    Somebody reminded me of the word ultracrepidarian.

    I suppose it doesn’t apply to Spud as he’s proved beyond all doubt he doesn’t have an area of expertise.

  7. I wonder if Spudhead’s partners derived any pleasure from being exploited for tax avoidance purposes in his LLP?

  8. I like to imagine that Spududontlike composes his articles in a similar way to how William S Burroughs and David Bowie wrote some of their stuff. He has a collection of words on scraps of paper which he shuffles around until they make a clever sounding statement.

    For Burroughs and Bowie, it was a success because they had talent. For Murphy, not so much, for the same reason.

  9. Dennis, Odin's Tax Collector

    Hedonism? The pursuit of pleasure has nothing to do with consumerism or whatever rentier evil der Herr Kapitän Kartoffel is maundering about.

    Exactly. It seems he’s confused hedonism with the Protestant work ethic. How, I don’t know, but that seems to be what he’s done.

  10. Like all evangelical puritans, I suspect the Murphatollah has his weaknesses…boys? escorts? Who knows?

  11. @Jussi

    +1 It is always the savers, homeowners, prudent who get shafted by Gov after Gov extols “Save, Buy home, be prudent”

    As for Ritchie quote: word salad Humpy Dumpty speak

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