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The Remoralization of Capitalism

Author

Listed:
  • Tiberiu Brailean

    (Faculty of Economics and Business Administration, Alexandru Ioan Cuza University of Ia?i)

  • Aurelian-Petru? Plopeanu

    (Department of Interdisciplinary Research in Social-Human Sciences, Alexandru Ioan Cuza University of Iasi)

Abstract

Nor the capitalism nor the communism prove to be the ideal systems. The second has imploded, while the first is transformed under the impact of the strong forces of globalization, crisis, technology, demography and ongoing ideas. It is looking for some kind of mixtum compozitum, which often prove just pure illusions. The crisis is proving to be a structural one, even a systemic one, not as cyclical as it was thought. The deepest wound of the current hyper-capitalism comes from its desecration and demoralization, reaching to some excessive consumption behaviors, speculation, virtualization, financialization, merchantability, alienation, manipulation etc. The background solution may come, in our opinion, only from a system‘s remoralization and re-enchantment, even though Hayek once said that the markets are amoral.

Suggested Citation

  • Tiberiu Brailean & Aurelian-Petru? Plopeanu, 2014. "The Remoralization of Capitalism," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 1(1), pages 160-170, February.
    • Handle: RePEc:dug:actaec:y:2014:i:1:p:160-170
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    References listed on IDEAS

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