Thursday, February 04, 2010

How Many Regard The Market Economy As Blameless?

"In the market economy the only way left to the more gifted individuals to take advantage of their superior abilities is to get the masses to believe you are serving them, which might be done by actually serving them, or, alternatively, say, by marketing an addictive product to them and getting them hooked on it."

Do you stand by your own statement, Gene Callahan?

I guess it all depends on your definition of the market economy. Why stop at the midpoint?

If you understand the implications of a market economy then you understand that information flows at its optimal for each specific time in history. As information flows at its optimum civilization advances and the ethics changes.

Sure you can pick a time along that continuum and say that addicitive goods are produced and consumed but to use that as a criticism of the market economy is erroneous. The flaw is not in the market economy but rather it is in the character of the individuals at that specific time in history.

Carry that forward in time - when the ethics changes - and then you will see that these playthings are seen and regarded as silly and even ridiculous. There is still a market economy but without the barbarism of an earlier, less developed civilization.

In other words, it is improper to blame the market economy.

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