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Theoretical and Applied Economics
No. 3 / 2010 (544)

The Equivalence of Ideologies

„No matter how many instances of white swans we may have observed, this does not justify the conclusion that all swans are white.”

Karl R. Popper

The great error in the dispute of ideas is the belief in capitalism as a global social system, as sociologists put it, a societal system. It must be noted that the error is not dissimilar to the one which has attributed socialism with the same virtue. Whereas, capitalism - as an ensemble of ideas, assumptions, expectations, methods and consequences tied to capital for the purpose of profit - remains attached to a part of society, it is a component among many others. For this it cannot justify its founding as a global social system, but by accepting unidimensionality as a strict universal principle.

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