Thursday, March 4, 2010

Defining and Refining "Capitalism."

Just like the most important solution to the economic problems associated with the economic ignorance of these Dark Ages of economics is to define and refine property rights so too that is what is needed with regards the term 'capitalism.'

Empirical capitalism is a more precise term since it reveals the methodology that underlies the errors and corruptions that follow.

Subjective capitalism is a more precise term and it almost instantly erases all association with the misuses and misunderstandings tied to the word 'capitalism.' And since it does a good job of erasing association with the blunders of empirical capitalism it provides a clean slate which then provides a great blackboard to use to educate people and to help them to leave behind the imbecilic and ego-driven 'economics' of the Dark Ages of economics.

For more information go to my website.

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