So, now I've developed a way of talking about revolution as an option that can't be exercised, but that still has present value and I've set up a mechanism for saying what that present value is. Namely the value of the liquidity premium that a democracy that consents to maintaining accumulated wealth can extract for guaranteeing that the wealth continues to accumulate.
Robert MeisterA full transcript is available at www.democracyparadox.com or a short review of Justice is an Option: A Democratic Theory of Finance for the Twenty-First Century here.Robert Meister is the author of the new book Justice is an Option: A Democratic Theory of Finance for the Twenty-First Century and a Professor of Social and Political Thought in the History of Consciousness Department at the University of California Santa Cruz.Key Highlights Include
What is historical justice?
An overview of financial terms
How is justice an option?
Is capitalism compatible with justice?
Will historical justice happen or is it just an option?
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