On Capitalism, Europe, and the World Bank
Dennis Ott: In a recent interview you quoted Thorstein Veblen, who contrasted â€œsubstantial peopleâ€ and â€œunderlying population.â€ At a shareholderâ€™s meeting of Allianz AG, major shareholder Hans-Martin Buhlmannn expressed the view that there is only one limit to the increase of the dividend: â€œThe inferiors must not be bled so much that they can no longer consume. They must survive as consumers.â€ Is this the guiding principle of our economic system? And if so, is there any substance to the notion of a â€œsocial market economyâ€?
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