Capitalism isn’t so bad when it is economic? Hows that? Capitalist thoery wants to encroach upon the other spheres of life. Society is to be ordered around the free reign of market forces. Capitalism, in its ideal form, cannot help but disturb the functions of the other spheres of human life.
I think Strauss affirms the healthy nature of a market driven economy because it keeps people honest. No one person or business should be allowed to dominate and shape the market according to their desires. This preserves the status quo in a society possessing diverse interests by quashing the aspirations of those whose visions for business focus solely on this or that.
Ideal capitalism as defined by Adam Smith is the total freedom of market forces. While this vision itself has never been realized in a particular society in history, those who employ the theory tended to experience drastic market fluxuations. A simple treatment of the problem this creates: money and power gradually finds its way into the pockets of a smaller and smaller group of companies. When they collaspe, so does the market.
John Maynard Keynes adjusted the theory to allow for government regulation to soften the effect the boom and bust cycle. No more completely free market. No ideal capitalism. Keynes seemed to have some insight into the fact that unrestrained Capitalism is ultimately destructive.
rgrydns
Nov 07 2003
02:48 pm
Capitalism isn’t so bad when it is economic? Hows that? Capitalist thoery wants to encroach upon the other spheres of life. Society is to be ordered around the free reign of market forces. Capitalism, in its ideal form, cannot help but disturb the functions of the other spheres of human life.
I think Strauss affirms the healthy nature of a market driven economy because it keeps people honest. No one person or business should be allowed to dominate and shape the market according to their desires. This preserves the status quo in a society possessing diverse interests by quashing the aspirations of those whose visions for business focus solely on this or that.
Ideal capitalism as defined by Adam Smith is the total freedom of market forces. While this vision itself has never been realized in a particular society in history, those who employ the theory tended to experience drastic market fluxuations. A simple treatment of the problem this creates: money and power gradually finds its way into the pockets of a smaller and smaller group of companies. When they collaspe, so does the market.
John Maynard Keynes adjusted the theory to allow for government regulation to soften the effect the boom and bust cycle. No more completely free market. No ideal capitalism. Keynes seemed to have some insight into the fact that unrestrained Capitalism is ultimately destructive.