Social Anarchist Views
Many social anarchists object to the theory of time preference being applied to an economy as a whole in a capitalist society. They argue that the theory fails to take into account that making profits in a capitalist society is not the provision of future means of consumption, but rather profits for their own sake.
Read more about this topic: Time Preference
Famous quotes containing the words social, anarchist and/or views:
“Smitten as we are with the vision of social righteousness, a God indifferent to everything but adulation, and full of partiality for his individual favorites, lacks an essential element of largeness.”
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—Marvin Cohen, U.S. author and humorist.
In conversation, after having taken a strong position in an argument and heard a complete refutation of his position.