IT. READ SCHUMPETER. READ HOPPE. We do know what to do next. Propertarian reason

http://potlatch.typepad.com/weblog/2013/04/brezhnev-capitalism.htmlREAD IT. READ SCHUMPETER. READ HOPPE.

We do know what to do next.

Propertarian reasoning tells us this: Civilizations collapse when a sufficient number of people urbanize that the systems of calculation and incentive are no longer capable of functioning as an information system for the purpose of managing scarce resources.

Davies’ post correctly identifies the financialization of our civilization under Keynesianism as the threat. Even if he does not know that THE PROBLEM OF SOLVING CALCULATION AND INCENTIVE ALONG WITH REDISTRIBUTION IS ENTIRELY POSSIBLE.