Franz Josef Hinkelammert is a German-born economist and theologian, an essential figure in the movement of Liberation Theology. He is furthermost renowned for his theological critiques of capitalism. Hinkelammert’s The Economic Creed of The Trilateral Commission presents a historical depiction and systematic analysis of a global economic crisis called “interdependence,” an endeavor to reformulate power relations within the world capitalist systems where the world powers: the United States, France, England, Germany, and Japan are trying to gain sovereignty over second and third world countries. He proves that the suffering and poverty of people, within less powerful Nation States will be extended by the emergence of The Trilateral Commission,
…show more content…
In an effort to condense all that exists down to a calculable rate, his academic concentration was on the subjective importance that people assign to actions and interactions. He deems this value. The subjective value of social action becomes a basic model of an ideal type, a simplified scheme for a historical comparative analysis of archetypal or unvarying traits of social organizations. The ideal type model comprises the formative characteristics of a public establishment that would exist if the institution were not influenced by any other associations, concerns or welfares. "Ideal Capitalism," as expressed through Weber’s model is comprehensively, in social science, a field of calculability emphasized by formal rationality, as a means to ends consistent. The ideal capitalism then is comprised of four fundamental values: pursuit of revenue, private ownership of all that has prospective profitability, competition between corporations, and Laissez Faire, no governmental constraints on economy. In reality, the globe capitalist system diverges from Weber’s theoretic paradigm of ideal capitalism, is not a true representative model. However, the ideal construct of capitalism has a practical value it allows a comparison and contrast of the economic system of the world powers that make up The Trilateral …show more content…
Hinkelammert clarifies in the Harsh Face of Destiny that capitalist economists spread the ideology that profit is generated in fair market trading, however, this is a capitalistic ideology called Fetish Commodity. The market value of a product is not where surplus revenue is created. If product X is made in Germany with an exchange value of 100 dollars and product Y from England is sold on the open market for 100 dollars both consumers are receiving an equivalent interchange, neither party has benefitted economically from the trade. The profit margin is then only produced by the quantity of labor that it demands to manufacture the merchandise. The exchange value that the consumer identifies as “price” is a social construct of capitalism. Therefore, The Trilateral Commission’s interdependence polices are not genuinely interested in the pursuit of revenue, as a community with, “a cooperative kind of relationship” benefitting all of humanity. It is interested in purchasing the labor of human beings for the most insignificant sum possible, while receiving a copious exertion of work from the laborer, as that is how profits is created (Hinkelammert 105). These types of practices have a direct positive correlation between the increase in revenue of the capitalists and the increased poverty of the working
In an effort to condense all that exists down to a calculable rate, his academic concentration was on the subjective importance that people assign to actions and interactions. He deems this value. The subjective value of social action becomes a basic model of an ideal type, a simplified scheme for a historical comparative analysis of archetypal or unvarying traits of social organizations. The ideal type model comprises the formative characteristics of a public establishment that would exist if the institution were not influenced by any other associations, concerns or welfares. "Ideal Capitalism," as expressed through Weber’s model is comprehensively, in social science, a field of calculability emphasized by formal rationality, as a means to ends consistent. The ideal capitalism then is comprised of four fundamental values: pursuit of revenue, private ownership of all that has prospective profitability, competition between corporations, and Laissez Faire, no governmental constraints on economy. In reality, the globe capitalist system diverges from Weber’s theoretic paradigm of ideal capitalism, is not a true representative model. However, the ideal construct of capitalism has a practical value it allows a comparison and contrast of the economic system of the world powers that make up The Trilateral …show more content…
Hinkelammert clarifies in the Harsh Face of Destiny that capitalist economists spread the ideology that profit is generated in fair market trading, however, this is a capitalistic ideology called Fetish Commodity. The market value of a product is not where surplus revenue is created. If product X is made in Germany with an exchange value of 100 dollars and product Y from England is sold on the open market for 100 dollars both consumers are receiving an equivalent interchange, neither party has benefitted economically from the trade. The profit margin is then only produced by the quantity of labor that it demands to manufacture the merchandise. The exchange value that the consumer identifies as “price” is a social construct of capitalism. Therefore, The Trilateral Commission’s interdependence polices are not genuinely interested in the pursuit of revenue, as a community with, “a cooperative kind of relationship” benefitting all of humanity. It is interested in purchasing the labor of human beings for the most insignificant sum possible, while receiving a copious exertion of work from the laborer, as that is how profits is created (Hinkelammert 105). These types of practices have a direct positive correlation between the increase in revenue of the capitalists and the increased poverty of the working