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Hmm. Interesting issue.

To what extent is the metaphor accurate? Is the system unified enough to display intent, an aim, a goal? Does the global system have a goal, at least implicitly? Is the shared goal of self-enrichment dominating the system enough to give the whole system an intended goal, which may be different from the actual outcome?

You don't need an explicit conspiracy to have people act in concert ...

by Colman (colman at eurotrib.com) on Tue Mar 20th, 2007 at 04:47:15 AM EST
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On the other hand, if 18 rich families in the US were able to grease up the politicians enough to get rid of the Estate Tax, what couldn't the likes of Murdoch do?

It is not conspiratorial to assert that there are a few (very few) people who had an almost unimaginable amount of influence on the consensus opinion. And a lot in economics and politics is the consequence of shifts in the consensus opinion.

"It's the statue, man, The Statue."

by Migeru (migeru at eurotrib dot com) on Tue Mar 20th, 2007 at 04:50:37 AM EST
[ Parent ]
There's that at well. The herd instinct is quite strong - in fact, it's pretty much the default whenever you don't pay close attention.
by Colman (colman at eurotrib.com) on Tue Mar 20th, 2007 at 04:54:30 AM EST
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Any advanced enough political system secretes its own justification. For example capitalism has had Hayek, etc...

Right now the narrative of capitalism, with unstated and stated goal of promoting the commpetion of individual "rational" desires in free markets, is less and less disputed in public discourse. It is considered as the only natural and legitimate mechanism for organising our societies. This wasn't the case 30 years ago, and was quite clearly the result of propaganda on its behalf - "Greed is good" in the 80's for example.

In France, the MEDEF (boss's union) is busy creating and promoting a narrative of "lets reward the risk taking of the entrepreneur" (ignoring the facts that the CEO's of large companies that are in this union bear very little actual risk themselves)...

Un roi sans divertissement est un homme plein de misères

by linca (antonin POINT lucas AROBASE gmail.com) on Tue Mar 20th, 2007 at 05:36:44 AM EST
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