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us free marketers have already lost...capitalism, greed, these are terms invented by anti-free market ideologues. the free market existed before the term capitalism was coined by Marx, what is greed but self-interest? those who pretend to be concerned with something other than their own welfare are in denial at best, and manipulative liars at worst.

If we only ever debate on their terms we can not hope to avoid the stupid Randian take on liberty and markets that dominates most people's thoughts about capitalism.



"...those who pretend to be concerned with something other than their own welfare are in denial at best, and manipulative liars at worst."

True, but some people view self-interest much more narrowly than others. For example, some oppose welfare for the poor because they do not want their money going to people who do not work as hard. This is a narrow view of self interest. Others support welfare because they believe that in the absence of welfare, the poor will engage in illegal activities, such as robberies, which will inevitably cost more than taxes that go towards paying for welfare. This is a much broader view of self interest.

Capitalism, unfortunately, has come to be identified with the narrow view of self-interest.


"those who pretend to be concerned with something other than their own welfare are in denial at best, and manipulative liars at worst."

http://wiki.lesswrong.com/wiki/Typical_mind_fallacy

You are not me.


my statement wasn't based on anecdotal evidence.


What do we want to achieve?

Markets, with all of their permutations, are just a few tools in our toolbox. I completely agree with you that the debate needs to be made much less ideological and much more precise, but we cannot pretend these discussions are happening in a vacuum.

I am a fan of Rawls' "veil of ignorance" line of reasoning. This is probably because I want to embrace "luck" not as an excuse for domination, but as something orthogonal to control and subjugation: diversity necessary for us to successfully traverse the fitness landscape, hopefully enabling us, collectively, to move towards the stars and friendly posthuman intelligences.


markets are not really a thing. they are just what happens in the absence of people shoving guns in other peoples faces. in the absence of force the only way to get what you want is to offer other people things that they want in exchange. this is civilization, the alternatives are barbarism.


that isn't entirely true. small groups behave more like communes. think of small tribes or family units. everyone has to pull their weight, but much is done simply for the good of others or for the good of the group as a whole. the domination of the market only emerges when a group grows to a certain size.

i would suggest that civilization requires both communes and markets to function properly -- basically, communes interacting with other communes and individuals in a market. markets may get you what you want, but to get things done, groups must behave like communes, all working together -- you do not barter over what you will get out of individual tasks. true, tasks are done in exchange for a continued wage, and the establishment of a job is done in a market. but once you are within a group, what is most effective? doing every task because you are paid to do so, or because you want the product to be as good as possible? I think that ties into one of the reasons that startups are so much more effective than large corporations; if I can try to put my finger on it, pride for the product and group cohesiveness.

i don't know what the answer is, but I just want you to consider that markets are not only not the only tool humans have used to cultivate civilization, but they are not even the first tool.

and when technology progresses to the point where we can give every individual a chance at a healthy and productive life at no cost to society, they will certainly not be the last.


what your describing is continuing contracts. this is covered by markets. many informal exchanges would be better off if they were formalized in contracts.


But why do you need to offer them something when you could just take it? The answer is that they will shove a gun in your face if you do. Property rights are just as much based on force as any other law.




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