Einherjar86
Active Member
I apologize for any assumptions I make in the following response:
They didn't build it; but colonists who needed land to accumulate their own capital did. Any aristocratic titles didn't go far after the Revolution, and America was founded on the problem that England didn't have enough land for the capitalists, who were mostly farmers then (that and a few religious qualms that likely went hand-in-hand with economic issues, if Max Weber's famous thesis about the Puritan work ethic holds water).
The entire history of the United States is a history of imperialism driven by economic interests.
I don't vehemently disagree with anything you say here; but if attacks on market functions aren't of an economic nature, that's because economics can't be ethically justified via naturalizing it to some primitive level of basic human action. This is what praxeology does, this is what Crusoe economics does, and this is what the blog post I linked a few posts ago argues against.
Suggesting that arguments against an economic system must utilize the language of that economic system (or of economics in general) implies that the system we're speaking of is reducible to a kind of baseline existence. You claim that people have to argue against economics in economic terms because, to you, capitalist economics is the real foundation on which every other facet of life is constructed, and from which all succeeding evaluations, ethical judgments, psychological theories, etc. derive.
The arguments against capitalism deviate from its language because they see its language as inadequate and as incapable of critiquing itself. It isn't economic problems that capitalism results in; the economy goes on just fine, passing some and failing others, reserving judgment. But capitalism results in disparity, deprivation, and even despair; now, your rejoinder will be to say: "Disparity for whom???" which suggests the relativity of financial poverty and that the system itself makes no judgment on what constitutes poverty.
My point is that this doesn't matter. The fact remains that people experience trauma and despair due to what they perceive as iniquity. You say it doesn't matter what people believe; I think it matters more than anything, and especially more than any supposedly blank slate economic system. This isn't intended as a rhetorical use of pathos, or appeal to emotion, or anything of the sort. The fact remains, real and steadfast, that vast disparity exists between individuals and classes, and that this is caused first and foremost by capital accumulation, which is then spent in order to ensure more accumulation.
I'm thinking this might cause you to say that individual perception of "disparity" results from faulty expectations, which I think I've seen you say before. People need to manage and alter their expectations, and they won't suffer. My question then would be: in a society that supposedly promotes capital accumulation and success, what should their expectations be?
This is the inevitable result of free markets, not of regulation. Regulation may indeed worsen the problem and heap further disparity upon a society; but these regulations are instituted, before all else, by free enterprises that perceive an opportunity to ensure greater returns in the future.
I'm not going to defend the actions of the Rockefellers and JPMorgans, et al. But these men didn't build the US Government. They merely used their money to influence it, just like everyone else tries to do. They were just more successful at other things, and therefore more successful at influencing the government.
They didn't build it; but colonists who needed land to accumulate their own capital did. Any aristocratic titles didn't go far after the Revolution, and America was founded on the problem that England didn't have enough land for the capitalists, who were mostly farmers then (that and a few religious qualms that likely went hand-in-hand with economic issues, if Max Weber's famous thesis about the Puritan work ethic holds water).
The entire history of the United States is a history of imperialism driven by economic interests.
Separately, the irony on the banking side as far as the money funding goes is that the bankers and government working together basically pay themselves. It's a massive money laundering scheme, where the wealth is stolen from people who aren't even involved in the process at all. They manufacture their own "capital", and people accept it not knowing any better. The creation of the central bank is an example of where particular industry titans lobby to create the very thing that supposedly is going to limit/regulate them. It's cheaper to build it yourself than have to fight to take it over from someone else later. But your average person just nods along with arguments about "regulation".
To be clear, I think it is bad for there to be a regulatory agency backed by the gun of the state, which some particular corporation that was supposed to fall under the regulation has now assumed control of. But that is going to happen regardless, every time, whether overtly or covertly. It's just all overt now since few seem to care anymore. The Monsanto's and the Goldman Sachs of the world are crowing about it and there's no repercussions.
In all, none of the attacks on market functions are economic at all. They generally state that we can't trust people and therefore must regulate them. But who is doing said regulating? People. Who can't be trusted.
I don't vehemently disagree with anything you say here; but if attacks on market functions aren't of an economic nature, that's because economics can't be ethically justified via naturalizing it to some primitive level of basic human action. This is what praxeology does, this is what Crusoe economics does, and this is what the blog post I linked a few posts ago argues against.
Suggesting that arguments against an economic system must utilize the language of that economic system (or of economics in general) implies that the system we're speaking of is reducible to a kind of baseline existence. You claim that people have to argue against economics in economic terms because, to you, capitalist economics is the real foundation on which every other facet of life is constructed, and from which all succeeding evaluations, ethical judgments, psychological theories, etc. derive.
The arguments against capitalism deviate from its language because they see its language as inadequate and as incapable of critiquing itself. It isn't economic problems that capitalism results in; the economy goes on just fine, passing some and failing others, reserving judgment. But capitalism results in disparity, deprivation, and even despair; now, your rejoinder will be to say: "Disparity for whom???" which suggests the relativity of financial poverty and that the system itself makes no judgment on what constitutes poverty.
My point is that this doesn't matter. The fact remains that people experience trauma and despair due to what they perceive as iniquity. You say it doesn't matter what people believe; I think it matters more than anything, and especially more than any supposedly blank slate economic system. This isn't intended as a rhetorical use of pathos, or appeal to emotion, or anything of the sort. The fact remains, real and steadfast, that vast disparity exists between individuals and classes, and that this is caused first and foremost by capital accumulation, which is then spent in order to ensure more accumulation.
I'm thinking this might cause you to say that individual perception of "disparity" results from faulty expectations, which I think I've seen you say before. People need to manage and alter their expectations, and they won't suffer. My question then would be: in a society that supposedly promotes capital accumulation and success, what should their expectations be?
This is the inevitable result of free markets, not of regulation. Regulation may indeed worsen the problem and heap further disparity upon a society; but these regulations are instituted, before all else, by free enterprises that perceive an opportunity to ensure greater returns in the future.