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To: pepsionice

“It’s the capitalist system at work”

There is no such thing as “the capitalist system.”

Read Hayek, “The Fatal Conceit.”

https://www.conservativebookclub.com/book/fatal-conceit-errors-socialism


3 posted on 07/13/2017 11:05:50 PM PDT by dsc (Any attempt to move a government to the left is a crime against humanity.)
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To: dsc
“To follow socialist morality would destroy much of present humankind and impoverish much of the rest.” …
And that is exactly what has happened, and what will happen in the future for those who continue to pursue socialism.
4 posted on 07/13/2017 11:16:11 PM PDT by Olog-hai ("No Republican, no matter how liberal, is going to woo a Democratic vote." -- Ronald Reagan, 1960)
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To: dsc; All

Nice essay summarizing Hayek. Thanks for the link.

“While no one (with the possible exception of Ayn Rand’s followers) is calling for an extension of “extended order” ethics into the realm of the small group, there is an influential intellectual group, the socialists, calling for just the opposite: the reconquest of the West by “small group” ethics. Needless to say, Hayek looks upon this prospect unfavorably. Hayek, while admitting that such an event might initially satisfy our instincts, points out its long-range consequences: poverty, starvation, and widespread death. “Extended order” ethics, Hayek notes, are chiefly responsible for making possible our present level of population and economic well-being; their abandonment would lead to chaos and primitive tribalism, a tribalism which, lacking large-scale coordinating capabilities, would be unable to sustain Earth’s population.”


5 posted on 07/14/2017 12:03:08 AM PDT by SteveH
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