Friday, April 8, 2011

The Anticapitalistic Bias of American Intellectuals - Ludwig von Mises

The Anticapitalistic Bias of American Intellectuals - Ludwig von Mises - Mises Daily

the professional intellectuals, especially of the mediocre kind, gravitate towards direct/indirect employment by the state as a praxeologically rational choice ("benefits" and "security", I hear, are big keywords) as employment by the markets is hazardously related to the quality of results produced by one's intellectual efforts, and the jeopardy of competition measured in those terms

the persistence of caste systems well into the capitalist age cannot be explained by Mises, although his observations are completely accurate, because what he saw was the practical application of the idea in "secure the fruits of liberty to ourselves and for our posterity", whereby the perpetuation or (capitalistically inevitable) annihilation of the caste system is a matter entirely reserved to the volition of those indicated by "ourselves" and "our posterity" or, in other words, it is entirely up to the signatories of the constitution and their offspring to admit of any amendment to the definition of "ourselves" and "our posterity", only from which would then result the swift dismantling of the caste system in favor of a capitalistically rational society of high individual mobility and low information asymmetry - such a society, however, will put into rapid obsolescence ideas and philosophies (like eugenics) that derive from the false conception called "race", along with all other endogamous hierarchies that are predicated on unearned wealth secured by the application of state force, in defiance of nature's own distribution of human abilities

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