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I am not sure whether I should be offended here? Are you calling me a "first time thinker?"
Whatever, we'll push that aside....
“What they want” is consciously defined according to the ethos of the society they live in,
Yet subconsciously there are other “wants” that may or may not be acknowledged in that ethos. The economic system will serve those consciously acknowledged wants, and not the unacknowledged (socially unacceptable)ones.
Catallaxy is derived from the Greek verb katalatto, which means “to exchange,” or “to become reconciled with,” or “to admit into the community,” or, “to change from an enemy into a friend.”[1] The cognate catallaxy, therefore, refers to a pattern of mutually beneficial interaction ("friendship") that does not require that participants share the same ends.[2]
We can observe that even amongst social animals, there is a structure or code of behaviors which are acceptable or not. Transgressing these codes leads to various forms of punishment, sanctions, even rejection from the group.
These codes are expected of members in exchange for the benefit of protection of the herd, as well as food, territorial and mating rights.
Amongst different species, these codes differ. It is the same with human groupings. We usually refer to them as social duties or responsibilities.
The way I see it, humans all have the natural drive for individual expression, as well as social drives. Darwin ran into this problem of altruistic behaviors in animals, which seemed to oppose his natural selection theory, so came up with group selection.
The Iterated Prisoners dilemma shows us clearly how reciprocal altruism is beneficial both for individuals as well as groupings of them- even when compared to the benefit of totally selfish competivity.
Instinctually and perhaps subconsciously, we know this or feel it, and end up having our social animal instincts, and our drives towards sense of belonging come out, but in uncontrolled ways we do not acknowledge.
The problem with Ayn Rands type of Individualism (which rejects totally concepts such as altruism as having any value whatsoever) is that it is too short sighted- it didn’t include that factor- that such acts also benefit the individual.
The opposite problem arises in Communism- it rejects individualism “en bloc”, when even individualism, to an extent, shows to be beneficial for the whole.
So in extreme Individualist ethos, you get the taboo effect- of (unacceptable) social drives being enacted in hidden, or occult ways. (Crony capitalism anyone?)
And in the extreme Collectivist ethos, you get (unacceptable) individualist drives being enacted in hidden or occult ways (the individuals privately profitting off the masses, getting a free ride).
My proposition is that we need to revisit our current ethos, in a realistic way, before even considering making big changes in our economic system.
Swinging from one extreme to the other doesn’t seem realistic to me.
But whatever. It’s just my opinion.
Not all that much time has passed since the stranglehold of economic interventionism was first established and the western world had lots of productive output to commandeer.
You can live on the spoils of past success for only so long until the piggy bank stops refilling itself with the magical plenty of seasons long gone.
We are fast approaching that moment.
originally posted by: greencmp
a reply to: Semicollegiate
Catallaxy or Catallactics is the preferred term over economics.
The explanation being that the root of the word economics means "rules of the house" and hence is limited to a presumption that everyone has the same rules, wants and needs.
Catallaxy is derived from the Greek verb katalatto, which means “to exchange,” or “to become reconciled with,” or “to admit into the community,” or, “to change from an enemy into a friend.”[1] The cognate catallaxy, therefore, refers to a pattern of mutually beneficial interaction ("friendship") that does not require that participants share the same ends.[2]
"Want" in the sense I meant here, as an explanation of a principle of economic reasoning, is a paraphrase of "why a person actually does anything". Every deliberate conscious choice a person makes is the best or easiest attempt at satisfying a want. The choice is based on what the person believes to be true about reality.
Regular economists make each person an economic man for the purposes of economic equations. The economic man has only conventional economic behavior. He has no fun or love, only a preference for a high quantity at a low price.
People are rational and can see a connection between cooperation and benefit.
The extreme Individualist ethic is not synonymous with Capitalism.
My references to the Social Market economy (or Rhine Capitalism, or Social Capitalism) were only to point to the existing, realistic fact that people can hold a value on social coherence
originally posted by: Semicollegiate
a reply to: Bluesma
Advertising is something to be overcome. Education provides discernment.
Starting a philosophy with morals and ethics is similar to starting an economic system with demands and controls.
morals and ethics presumes to know everything about human societal action and psychological needs.
Our society is evolving, hopefully evolving away from constant coercion of individuals by other individuals.
originally posted by: Bluesma
I never proposed any support of a collectivist system. I made commentary of observed benefits of a possible "Third Way" which is neither Individualist, nor Collectivist, so the repeated explanations of why Collectivist systems are faulty by other posters is unecessary.
A balanced synthesis of the two concerns, at neither extreme, is what I personally would find ideal, but acknowledge that even if the social side of it was totally unofficial, not part of any legal system, simply a matter of how mothers educate their children in morals and ethics, could still have the needed balancing effect .
originally posted by: greencmp
I hear this claim all the time, that there has never been a free market in the US.
The whole of the western part of the country was founded by people operating in a totally free market with almost no government oversight.
originally posted by: greencmp
Monopolies are ordinarily the product of the regulatory state not the private market. If they do exist as so called 'natural' monopolies, they are only problematic if they attempt to invoke monopoly prices.