[quote]groo wrote:
[quote]orion wrote:
[quote]ephrem wrote:
Your posts speak for themselves orion. If you are claiming that libertarian market forces lay the foundations for our current affluence, then there’s little I can detract from that.
Why did this system not last? Were unions, child labor laws and the suffragettes its downfall? Was it the fact we moved away from 6 working days a week? Paid holidays perhaps? Why did this not last if we owe everything to it?
Are taxes the only reason?
Or is it something else?[/quote]
Sure there is, the great political ideologies of the 20th century that were a backlash to libertarianism.
In a lot of ways that is hysterical, because without the enormous rise in productivity that enabled leisure time for ordinary folk no one would have the time to study Marx.
Hell, they would not even have been able to read them.
And of course envy.
Because the truth is, people are quite content to live in a society of castes, everyone is born into his place and does not even begin to question the privileges of the nobility.
However a free market, that is the ultimate meritocracy, raises some questions most people do not like to ask themselves, like :
If everyone can theoretically make it, how come I do not make as much as X, who is a complete moron. Could it possibly be that I am not the special, little snowflake I always thought I was, or is X greedy, lying, just lucky and should I not have some of his stuff?
[/quote]
Where is there a free market? You truly subscribe to the neoclassical ideas that there are no random factors at work? Wouldn’t a system that was truly based on such premise be better served by say eliminating all inheritance of wealth? Surely if the deserving will rise everyone should start with the same equality of condition and not merely what is thought to be the same equality of opportunity. With the continuing proliferation of information and situations where specialized knowledge can effect outcomes what steps should be in play to assume everyone is truly a rational actor with perfect knowledge…which is gonna be what your neoclassical system holds as a premise as well?[/quote]
You are assuming so much and automatically assume that I assume so much too.
Those are a lot of assumptions.
Anyhow, the problem I see here is what Hayek called the pretension of knowledge.
We can argue all day about what we think is a correct model of the market and how that should influence how we shape society. The problem is that we dont know. We cannot possibly know. The only thing that seems to be a re-occuring theme in history is that freer societies prospered whereas the others kind of didnt.
Why?
Who knows?
Basically I am proposing a very conservative hands of approach.
We should not even be discussing how to tinker with society via government, we should just sit back in awe that by sheer luck somewhere in England the right combination of political liberty, technology and a certain entrepreneurial spirit ignited the spark that lifted half of mankind out of abysmal poverty.
Personally, I think that everyone who wants to push us away from the basic conditions that brought us here is like a monkey playing with a hand grenade. He might be dead sure that he has everything under control because after all, everything went well so far, while all I am waiting for is the explosion.