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Which of the following is FALSE about the theory of modern capitalism? a. Socialismn will still occur even though the capitalist societies can provide higher levels of economic well-being for large sections of their populations, including their working classes. b. As false needs can be created and met, people can be unconsciously reconciled to capitalism, guaranteeing its stability and continuity. C. Members of capitalism can buy many of the things they desire, or think they desire, and no longer have any conscious reasons for wanting to overthrow capitalism. d. Due to the superimposition of false needs among people, they can never materialize their true needs in the modern capitalist society.

Which of the following is FALSE about the theory of modern capitalism? a. Socialismn will still occur even though the capitalist societies can provide higher levels of economic well-being for large sections of their populations, including their working classes. b. As false needs can be created and met, people can be unconsciously reconciled to capitalism, guaranteeing its stability and continuity. C. Members of capitalism can buy many of the things they desire, or think they desire, and no longer have any conscious reasons for wanting to overthrow capitalism. d. Due to the superimposition of false needs among people, they can never materialize their true needs in the modern capitalist society.

Macroeconomics: Private and Public Choice (MindTap Course List)
Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
ChapterST4: Keynes And Hayek: Contrasting Views On Sound Economics And The Role Of Government
Section: Chapter Questions
Problem 5CQ
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Which of the following is FALSE about the theory of modern capitalism? a. Socialismn will still occur even though the capitalist societies can provide higher levels of economic well-being for large sections of their populations, including their working classes. b. As false needs can be created and met, people can be unconsciously reconciled to capitalism, guaranteeing its stability and continuity.
Transcribed Image Text:Which of the following is FALSE about the theory of modern capitalism? a. Socialismn will still occur even though the capitalist societies can provide higher levels of economic well-being for large sections of their populations, including their working classes. b. As false needs can be created and met, people can be unconsciously reconciled to capitalism, guaranteeing its stability and continuity.
C. Members of capitalism can buy many of the things they desire, or think they desire, and no longer have any conscious reasons for wanting to overthrow capitalism. d. Due to the superimposition of false needs among people, they can never materialize their true needs in the modern capitalist society.
Transcribed Image Text:C. Members of capitalism can buy many of the things they desire, or think they desire, and no longer have any conscious reasons for wanting to overthrow capitalism. d. Due to the superimposition of false needs among people, they can never materialize their true needs in the modern capitalist society.
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