Showing posts with label capitalism. Show all posts
Showing posts with label capitalism. Show all posts

Saturday, June 22, 2013

What Interdependence Means and Why Society Isn't Interdependent

Interdependence is a state of a group in which removal or destruction of one portion (subset) of the group necessarily results in the destruction of all members of the group. (1)

One example of interdependence is the set of critical organs in a human body. Taken as units in themselves, the brain, heart and lungs are interdependent: removal or destruction of one of them necessitates the destruction of the others. Another example of interdependence is the caste system in eusocial insects like bees, ants and termites. The reproductive caste and worker caste are each needed to keep the hive (and thus the other) productive and alive.

A division-of-labor society of human beings takes on a superficial appearance of interdependence. Different people do different jobs and rely on those in other specialties for raw materials and general trade. But unlike real interdependent systems, individuals in a society can exercise independent judgment and change occupations. An individual's job is not set for life in his genetics, but chosen by the individual. People can and do get promoted, change jobs, change career types, etc. Companies in a free market can and do expand into new fields of business.

If, in a hypothetical, laissez-faire capitalist society, all those who performed one sort of productive job were suddenly removed, then it is still possible for those in other professions to take over the job and maintain a similar division of labor. There might be great hardship for a while from such a sudden displacement, but since most other individuals would be able to adapt and survive, the society fails the test for interdependence. (This is to say nothing of the more realistic, gradual removal of people from an occupation, which a capitalist society can undergo with most people hardly noticing. In contrast, if lung tissue were gradually removed from your body, it would become harder and harder for your other organs to function, and your heart would not transform to replace the missing lung tissue.)

Moreover, not all activities undertaken by all other individuals in a society are valuable to a given individual. In fact, some are positively harmful, such as dishonest schemes, irresponsible investment plans, and theft. Since each individual has free will--the choice to think or not, to judge or not, and the capacity to behave destructively toward self and others--it is up to the independent judgment of each individual to determine friend from foe. Other people can't be dissolved into an undifferentiated mass of beneficence, let alone all be considered critical to one's own survival. (Easily observable facts refute this collectivist notion.)

If one individual is physically injured to the point of mental damage or paralysis, then that person can become genuinely dependent on other individuals who provide his care and sustenance. But this metaphysical dependence goes only one way: the injured is dependent on the uninjured, not vice versa. There is no "interdependence" here.

Ordinary, healthy, adult human beings are fundamentally independent creatures, and intonations to the contrary are spurious. I have only ever heard vague assertions of "interdependence" from people. I have never heard "interdependence" defined, even though such a definition is a prerequisite to any rational argument about whether or not a society of human beings is "interdependent." (2)

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(1) This is metaphysical interdependence. The common definitions of "interdependence" and "dependence" are philosophically vacuous.

(2) Dictionary definitions are unhelpful: "interdependent - mutually dependent; depending on each other."
"dependent - relying on someone or something else for aid, support, etc." [Webster's College Dictionary, 1996]

Relying, in what way? Aid from whom? What happens if the support doesn't come from whomever? This definition is useless philosophically, since it can encompass everything from an appointment with one doctor out of many to have a wart removed, to being fed through a tube because you're paralyzed for life. The required definition is one of metaphysical (inter-)dependence, which is philosophically significant, and is the definition I gave at the start of this article.

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Related Posts:

America Before The Entitlement State

The Nature of the Morality of Rational Egoism: Short Notes

Atlas Shrugged, Altruism and Egoism

On Fairness and Justice: Their Meanings, Scopes, and How They Are Not the Same

Values Are Relational But Not Subjective

Thursday, April 11, 2013

America Before The Entitlement State

This article by Yaron Brook and Don Watkins should be seen by all Americans, and indeed, everyone else. It describes how people dealt with sudden injuries, deaths and the various disasters that can befall people, before government welfare programs and Social Security:

America Before The Entitlement State

Here's a video reading of a part of an essay from Capitalism: The Unknown Ideal by Ayn Rand:



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Related Posts:

19th-Century Capitalism Didn't Create Poverty, But Reduced It

How to Show That Taxation is Robbery

QuickPoint 2: Altruism Supports Coercion...

The Nature of the Morality of Rational Egoism: Short Notes

Tuesday, February 19, 2013

The False Freedom of "Equality of Opportunity"

In mainstream discourse in the US, "equality of opportunity" is taken as an uncontroversial rallying cry for both "conservatives" and "modern liberals." It's typically seen as a more reasonable alternative to the openly socialist "equality of results."

Don Watkins, of the blog, LaissezFaire, has written two posts exposing the fact that "equality of opportunity," taken literally, is just as irrational and unjust a notion as "equality of results." (If it's not taken literally, then it's an extremely vague term and shouldn't be used.)

What matters for the justice of a society is not "equality of opportunity" but the absence of initiated coercion.

Just Say "No" to Equality of Opportunity

Who Needs Opportunity?

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Related Posts:

On Fairness and Justice: Their Meanings, Scopes, and How They Are Not the Same

How to Show That Taxation is Robbery

QuickPoint 2: Altruism Supports Coercion...

Tuesday, January 22, 2013

Why "Anarcho-Capitalism" is Wrongheaded

Anti-Anarchy-symbol
Objectivism rejects anarchism for very good reason.

In the following link, Dr. Harry Binswanger explains why an officially established ("monopolistic") government is necessary for a free society, and why the "anarcho-capitalists'" objections to it are baseless:

Anarchism vs. Objectivism

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 Related Posts:

 How to Show That Taxation is Robbery

 QuickPoint 2: Altruism Supports Coercion...

Sunday, October 21, 2012

Tuesday, September 18, 2012

Free Market Revolution by Yaron Brook and Don Watkins

Free Market Revolution: How Ayn Rand's Ideas Can End Big Government is now available at Amazon.

From the description:
A look at how our current crises are caused by too much government, and how Ayn Rand's bold defense of free markets can help us change course. 
The rise of the Tea Party and the 2010 election results revealed that tens of millions of Americans are alarmed by Big Government, but skeptical that anything can or will be done to stop the growth of the state. In Free Market Revolution, the keepers of Ayn Rand's legacy argue that the answer lies in her pioneering philosophy of capitalism and self-interest -a philosophy that more and more people are turning to for answers. In the past few years, Rand's works have surged to new peaks of popularity, as politicians like Paul Ryan, media figures like John Stossel, and businessmen like John Mackey routinely name her as one of their chief influences. Here, Brook and Watkins explain how her ideas can solve a host of political and economic ills, including the debt crisis, inflation, overregulation, and the swelling welfare state. And most important, they show how Rand's philosophy can enable defenders of the free market to seize the moral high ground in the fight to limit government. This is a fresh and urgent look at the ideas of one of the most controversial figures in modern history - ideas that may prove the only hope for the future.
To anyone who is relatively unfamiliar with Ayn Rand's ideas, but interested in solving our current economic and cultural problems, I encourage you to read this book. I encourage anyone who is very familiar with Rand's ideas to tell friends about this book, loan your copy to them, or give it to them as a gift.

To purchase, click here:
Free Market Revolution: How Ayn Rand's Ideas Can End Big Government

Saturday, August 18, 2012

What Caused the Financial Crisis: It Wasn't Capitalism or Deregulation

Below are links to Yaron Brook's explanation of how the US housing bubble and financial crisis happened. Yaron Brook has an MBA, a Ph.D. in Finance, and was a professor of finance at a university.

Here is a short video on what caused the crisis: Did Capitalism Cause the Financial Crisis?

Here is a course that goes through the details of what happened and why. The video is in the center column of the page, at the top of the "Video & Audio" section: The Financial Crisis: What Happened and Why

Ayn Rand's essay: What is Capitalism? (YouTube audio)

Capitalism at The Ayn Rand Lexicon.