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The Enlightened Capitalist

Author

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  • Bichler, Shimshon
  • Nitzan, Jonathan

Abstract

On April 16, 2014, we published a short article in the Indian fortnightly Frontline, titled 'Profit from Crisis'. Scarcely had a day passed from the article’s publication that we got an angry email from an asset manager whom we'll call 'Mr. X'. Mr. X is an enlightened capitalist, and reading our piece had set him on fire. Our article, he protested, was 'terribly flawed'. It 'failed miserably' in understanding capitalism, and its allegation that capitalists do not want recovery is doing 'tremendous harm'. This note deconstructs Mr. X's protestations in the context of the current capitalist angst.

Suggested Citation

  • Bichler, Shimshon & Nitzan, Jonathan, 2014. "The Enlightened Capitalist," EconStor Preprints 157839, ZBW - Leibniz Information Centre for Economics.
    • Handle: RePEc:zbw:esprep:157839
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    References listed on IDEAS

    as
    1. Bichler, Shimshon & Nitzan, Jonathan, 2012. "The Asymptotes of Power," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, issue 60, pages 18-53.
    2. Bichler, Shimshon & Nitzan, Jonathan, 2013. "Can Capitalists Afford Recovery? Economic Policy When Capital is Power," Working Papers on Capital as Power 2013/01, Capital As Power - Toward a New Cosmology of Capitalism.
    3. Bichler, Shimshon & Nitzan, Jonathan & Di Muzio, Tim, 2012. "The 1%, Exploitation and Wealth: Tim Di Muzio interviews Shimshon Bichler and Jonathan Nitzan," Review of Capital as Power, Capital As Power - Toward a New Cosmology of Capitalism, vol. 1(1), pages 1-22.
    4. Bichler, Shimshon & Nitzan, Jonathan, 2010. "Systemic Fear, Modern Finance and the Future of Capitalism," EconStor Preprints 157830, ZBW - Leibniz Information Centre for Economics.
    5. Bichler, Shimshon & Nitzan, Jonathan, 2014. "No Way Out: Crime, Punishment and the Capitalization of Power," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 61(3), pages 251-271.
    6. Bichler, Shimshon & Nitzan, Jonathan, 2014. "How Capitalists Learned to Stop Worrying and Love the Crisis," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, issue 66, pages 65-73.
    7. Bichler, Shimshon & Nitzan, Jonathan & Dutkiewicz, Piotr, 2013. "Capitalism as a Mode of Power: Piotr Dutkiewicz in Conversation with Shimshon Bichler and Jonathan Nitzan," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, pages 326-354.
    8. Kliman, Andrew & Bichler, Shimshon & Nitzan, Jonathan, 2011. "Systemic Crisis, Systemic Fear: An Exchange," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, issue 4, pages 61-118.
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    Cited by:

    1. Nitzan, Jonathan & Bichler, Shimshon, 2019. "Capitalism's Deniers," EconStor Preprints 190952, ZBW - Leibniz Information Centre for Economics.

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