[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?
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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?