RE: Individualism Is Stupid ( Or Why Libertarianism And Objectivism Is Stupid)
December 4, 2017 at 8:19 am
(This post was last modified: December 4, 2017 at 8:26 am by The Grand Nudger.)
The trouble with the "invisible hand" is that it;s not so much invisible as it just doesn't exist. Look around you, bad actors aren;t being put out of business by the government -or- the consumer. Just a few months back, when products were spontaneously catching fire and banks were found to have defrauded their customers...their stock value was going up.
The notion is that it's just an effect of crony capitalism..but it isn't. An "efficiently" run business can crush it's competition, and the ability to do so is ethics-neutral. The invisible hand relies on every actor in a chain making the right decision on grounds of ethics. Not only has that never happened, it never will and it -can't-. The only situation in which people would have the type of freedom required to make the invisible hand work is if no-one in the chain needed money or the product itself in the first place........and there were tons of other ways to get it. At which point, there's no point to capitalism.
The notion is that it's just an effect of crony capitalism..but it isn't. An "efficiently" run business can crush it's competition, and the ability to do so is ethics-neutral. The invisible hand relies on every actor in a chain making the right decision on grounds of ethics. Not only has that never happened, it never will and it -can't-. The only situation in which people would have the type of freedom required to make the invisible hand work is if no-one in the chain needed money or the product itself in the first place........and there were tons of other ways to get it. At which point, there's no point to capitalism.
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