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All that is left is the hubris, the pretensions, the hype, the empty conventions and the puffed-up capitalist mechanism that sells the invisible product to the masses.
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They must also try to eliminate implicit and systemic resistance to such capitalist mechanisms as free markets and private ownership.
A leader or party is elected with universal enthusiasm, promising a "new world" – but, then, sooner or later, they stumble upon the key dilemma: does one dare to touch the capitalist mechanisms, or does one decide to "play the game"?
The recurrent story of the contemporary left is that of a leader or party elected with universal enthusiasm, promising a "new world" (Mandela, Lula) – but sooner or later, usually after a couple of years, they stumble upon the key dilemma: does one dare to touch the capitalist mechanisms, or does one decide to "play the game"?
As historian Mikkel Thorup explains, philanthrocapitalism rests on the claim that "capitalist mechanisms are superior to all others (especially the state) when it comes to not only creating economic but also human progress, and that the market and market actors are or should be made the prime creators of the good society".
A current example of Taylor Swift's role as a capitalist is the mechanism she has constructed to ensure tickets for her upcoming tour go first to fans, not to scalpers.
In Europe, what was once a collection of colonialist, autocratic states has transformed into a democratic society with a capitalist orientation, establishing a mechanism that protects individual rights.
Jiang Zemin supported Deng's thinking, and stated in a party gathering that it did not matter if a certain mechanism was capitalist or socialist, because the only thing that mattered was whether it worked.
" I think corporations and capitalist incentives are better mechanisms to change things".
To catch up to the West, the party embraced market mechanisms and capitalist ideas not as end in itself but as a means through which to achieve national wealth and power.
The Soviet type of "command economy" developed under Stalin, however, provided no criterion for decentralized decision making such as is provided, however imperfectly, by the market mechanism in Western capitalist countries.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com