More Fatal Conceits
Source ↗
👁 25
💬 0
In The Fatal Conceit (1988), F.A. Hayek argued that cultural evolution has bequeathed to us a capitalist “extended order” of money, property rights, and competitive markets, all with matching morals, and that socialism is bad because it appeals instead to dysfunctional moral instincts that this order had suppressed, while flattering us into thinking that we can apply reason well to more things than we actually can. Socialism replaces many capitalist choices with choices from delibera
Comments (0)