Weber: "Unrestrained" capitalism?
In view of the election of a Labor leader who's been abusing "unrestrained capitalism", this remark from the intro to Weber's Protestant Ethic and the Spirit of Capitalism is interesting:
"Unlimited greed for gain is not in the least identical with capitalism, and still less its spirit. Capitalism may even by identical with the restraint, or at least a rational tempering, of this irrational impulse".
"Unlimited greed for gain is not in the least identical with capitalism, and still less its spirit. Capitalism may even by identical with the restraint, or at least a rational tempering, of this irrational impulse".
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