the recursor home : about : rss : spamgourmet : otherdog studio
animals : anything : elsewhere : food : music : reading : restaurants : tech
capitalism - the unknown ideal 2007-07-06 06:33
It's summer - the time that the minds of the parents of school age children turn back to their reading lists. Being on a fairly long business trip, I thought I'd have some extra time to catch up on reading. This turned out to be untrue, but I did get some reading in on the plane, and a little more since I got here.

My current selection is "Capitalism - the Unknown Ideal", primarily by Ayn Rand. It was written when her career was in full swing, and includes articles by a few others, including Alan Greenspan.

And what better place to read about the undeniable virtues of laissez-faire capitalism than India! This is a place that, despite some empty propaganda to the contrary, has clearly rejected the concept of economic rights and has left each individual to his or her own devices. I can see the bustling city out the window of the back seat of this plush Toyota SUV in which I'm riding. Hold on a minute, we're stuck at a traffic light among a haphazard array of rickshaws and motorbikes, and there's a 4 year old rapping insistently on my closed window -- very distracting -- OK, we're off again, horn blaring. Much better.

Ayn's just not connecting with me -- she seems to make quick, unsupported assertions, followed by internally consistent but isolated logical discussions, and frequently invokes the names of Hitler, Stalin, and others, seemingly to elicit a strong reaction from her readers. I remember that she's from the Soviet Union, and must know more about these baddies than I do. She also tends to quote liberally from her earlier books and articles, and not from much else.

Her treatments of the value of individual rights are appealing, and her portrayal of the use of "the common good" and other economics-rights doctrines as the basis for tyranny and oppression is interesting and believable, but the nagging suspicion that she has omitted or perhaps obscured something important tugs at me throughout. Off to the left, across a few piles of rubble and litter, I can see several makeshift lean-tos, each constructed by placing a plastic tarp across the tops of two parallel fences about 8 feet apart, then hanging regular blankets down the sides to the muddy ground, forming walls. Bright colors, nicely done. There are some depressed looking dogs lounging outside - fairly healthy looking - not mangy, and each appears to have all four legs.

Rand argues that a system that allows each individual to pursue what he or she wants to the extent of his or her abilities, while providing a framework for the interpretation and enforcement of contracts and protection from physical violence, results in the optimal condition for all people. There is no such thing as wealth, goodwill, welfare, etc., that is owned by the community, but rather all is owned by individuals. It is individuals who are served by society (in the manner described above), rather than the other way around. Exceptionally talented individuals will, in their quest for personal gain, throw off amazing benefits for all the other individuals in the form of technology and other advances. Less exceptional indviduals will enjoy less, but will be much better off by virtue of being around the first group, and each will get everything that his or her less exceptional talents allow. The most deserving indviduals will quickly and naturally acquire most of the wealth, and everyone else happily snaps into place. Fortunately for some, the people with money are free to dispose of it as they wish, and out of pity will provide some money to those who are in desperate need of it, because they're nice. But they don't have to. But they can, because it's their money. Meritocracy - difficult to dismiss.

Then it hits me -- what's missing is human nature! Not that part of human nature that makes people do selfish things and take advantage of powerful positions, but rather that part of human nature that makes it so that people *need* stuff, not want, but need, and also that part of human nature that makes people be helpless infants, infirm, old, that part that makes them want the best for their children and that part that makes them die. That's what's missing.

Briefly, the system she describes makes sense if everyone has equal bargaining power and can take or leave any deal on the table. But when someone has to have something like food, clothing, shelter, etc., then the equation changes in a way that defeats the neatness of her system, it seems to me. Lots of people need things, some more than others. Further, are we to assume that the children of these most talented people are also the most talented? If Rand wants us to believe so, then she conceals a strand of eugenics that most would find objectionable, to say the least, and in any event the kids would not have acquired wealth through their own merit, which is an essential part of her system. If not (and I think our experience confirms not), then she has a problem -- what happens to the money when the parents die? 100% inheritance tax? I've heard that advocated, but not by her - maybe I need to keep reading. Such a tax would sit in stark contrast to her otherwise hands-off ideal government, and I'll be impressed if she navigates through that bear trap of an inconsistency. If there's no tax, then the money goes to the kids, right? But what that means is that generation #1 is a meritocracy and generation #2 is an inheritocracy. A fool and his money are soon parted? Maybe so, but just because you're not talented enough to make lots of money and change the world doesn't mean you're a fool. In Rand's world making lots of money is the destiny of the bestest people, but I don't hear her talk about those who merely have the guile to hold on to lots of money, mainly by manipulating money-less people who are beholden to their own unmet needs (and therefore to those who can meet them for a short time), and not by improving the world. Maybe I need to keep reading, so I will.

This post is getting long - I'll continue with another later.
/reading permanent link

6 comments

Rory wrote


Nice blog You are right about the missing part being human nature. I would say that human nature would include thinking or not thinking. There are five areas that are covered in the totality of Ayn Rands writings. When I say covered I think I mean, well for myself anyway, a type of hierarchy of thought has formed. This hierarchy is structured, so to speak, on five areas which I reference on a moment to moment basis. There's this guy I seek out for advise and such. He is my hero. In the resent past, I had the "need" for what he had. I found out he lived very close to me and I picked up the phone and called him at 310-274-6361. He answered the phone. We talked. He invited me to his tenth floor apartment in Beverly Hills. I demanded what he had. I paid with cash in exchange for what he had. I went back many times because there was nothing more important for me to do. You know, when I was attempting to visualize an individual with your stated "need" issues the previously described man came to mind. He fit your qualifications. He was helpless like an infant at times, he was infirm and old. I would often arrive and realize he had been napping. He was always hungry. I would watch him eat tuna and toast at times and his apartment often smelled of pan fried fish. His daughter was seen at his apartment at times at least I think it was his daughter. I am still not sure, because a blood relationship would have been of no value when in the realm we occupied. She offered me water and a bowl of mixed nuts once. She said, when handing me the glass of water. "This might help. I know how demanding he can be." But it was with sarcastic banter that she was attempting to show her understanding of my personality in that room at that time. The audience of the room was only going to accept that level of perceptivity from her. She could not have it any other way. Daughter or no daughter that office on the tenth floor of a Beverly Hills high rise was my realm for gaining an understanding of myself. No one would be allowed to interfere. No one, including my fear ridden self or rickshaw drivers or Hitler or builders of lean-to's or my daughter or boss or girlfriend or bad drivers would have been a compromise of what I love. Now this is my point. The personal conflicts I have pertaining to compassion are none existent when viewed from a context of my personal or my hero's understanding of value. My fear of societies problems is never examined as nebulas whole. A perfect society has everything to do with my privacy. Don't let them get to you man, do it for you. Make yourself happy by thinking about what it takes to be happy. I repeat, by thinking . . . By the way read Nathaniel Branden's chapters. There's two in Capitalism. I mean, it's amazing what one might learn from some old, infirm guy that will die soon, living in Beverly Hills.

josh wrote


I'll keep at it. I just walked to the drug store to try and get some neosporin (forget, but I got some "herbal" antibiotic creme), and all the way back this waif is grabbing wrist asking for food and not trying to pick my pocket - when I approached the hotel, he (or she - couldn't tell) tugged to try and keep me from crossing this invisible line beyond which I suppose I couldn't be followed. Wow - that was need. Trying to figure out how to get some food out in the right way.

Rory wrote


It's a racket. That child may be on lease from parents to some sort of begging crew.

josh wrote


you're right. It works, though.

Tim wrote


This reminds me of gypsies in Spain that would maim their children so as to get more pity. I remember never being able to look at them. Much the same way I imagine lepers were seen. Is it some social disease?

Rory wrote


Can't quote the source, but appearently bleach is injected into the limbs which, causes infection. Thus, a better product. Evil, pure evil . . . immoral . . . slavery to the exstreme.

comment... (no more URLs because of you spammers -- you crazy knuckleheads! You're out of control )

 
Name:
Title: (optional)
Name of this blog:(as a further spam blocking measure, type the name of this blog here)
Comments:
Save my Name for next time