The Capitalist Economy and Its Prosthetics: Necessity and Evolution of a Brotherhood

Notwithstanding its ruthless dynamics, the capitalist economy has the flaw of deficient employment-generating spending. This leads to unemployment of non-owners, individual suffering, social unrest and it undermines military strength. To deal with these issues, states use prosthetic policies, artificial transfers to the productive economy and to non-owners. But the funding of such prosthetic policies - through violent wealth appropriation abroad, protectionism, war, domestic expropriation and taxation, debt and money creation - is caught in dilemmas, while politicians are caught between non-solutions. According to Gerhard H. Wächter, the history of capitalist society is largely the history of this dilemmatic brotherhood.

Gerhard H. Wächter, born in 1955, is a business lawyer in Berlin, specializing in M&A Litigation, and a law professor at Universität Leipzig. He did his doctorate on the theory and history of criminal law with Klaus Lüderssen, studied with Niklas Luhmann and Stanley Diamond (New School for Social Research) before he worked for the German Treuhandanstalt and founded his own law firm.