Marxists and other apocalyptic preachers have warned: dollar is over!. Yes, QE means whole lotta money, and whole lotta money depreciates everything. The more is the less. Some think it is all due to transition to Dollar Standard. Others do it is just the imposed penance on capital sin. Whichever makes rationalization, hyperinflation in the US appears as if absolutely to come. However, this article says such a thought is ridiculous in various senses. First of all, it tells us not to think that all the money you see in the US is triggered by QE. Would the world be more prosperous without greedy human mind than it would otherwise be? Does desire lead us to incessant prosperity or end of the capital world? Can the world keep going on with average growth of 3~4%? Was Marx really right? Why do I have to try my best to keep abreast of voguish trend in accumulation of capital, when I do know the more capital we get the less commodity I obtain? What is commodity fetishism? Is it just figment or real entity? Where is the identity of capitalism? Where am I? Where is the world bound for? Am I too stupid to know and understand everything? I do not want definitive answers, because this 21st century seems too extremely schizophrenic.
Posted on: Tue, 29 Jul 2014 14:33:13 +0000