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View Diary: The lost conservative (really) (74 comments)

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  •  Excellent diary, (7+ / 0-)

    although the hypothetical period of free markets was not so hypothetical.  The period was Europe in the early 19th century, and free market capitalism was the reason Malthus was so dismal about everything, and free market capitalism was precisely the disease that socialisms were invented to cure.  The biggest problem with "conservatives" is that they know nothing about history.  So how can they possibly conserve it?

    The "invisible hand" doesn't regulate the market - it wanks it. -- SantaFeMarie

    by Dinclusin on Wed Mar 20, 2013 at 05:22:58 PM PDT

    •  19th century markets were not 'free' in that they (7+ / 0-)

      were dominated by state sanctioned and chartered monopolies enforced by the government, at least in Europe. In the US, the sanction for monopolies was less formal, but had government military backing against counter-claims for legitimacy by organizations of workers.

      I dare say, there probably hasn't been a free market since the Babylonian Empire fell.

      You're right, that Socialism was a philosophy developed to overcome the abuses of Carnivore Capitalism; thus the anger and resentment pointed at Socialists -- they are heretics from the Capitalist dogma of social darwinism (another concept developed in the 19th century, in answer largely to the Social Gospel).

    •  Thank you (4+ / 0-)

      I would suggest that the early 19th c. markets had the state apparatus serving them, but I take your point.

      (In fact, in the U.K., capitalism had to remove numerous laws that protected the poor to make those "markets." The one I've read most about is the loss of the corn laws of Edward III that had ensured that the poor got first crack at wheat in market sales. These had to be eliminated, along with local market days, to get to The Market, where nation-sized lumps would move through few hands with gigantic margins and could "maximize profits" by ignoring people.)

      I was trying to take a swipe at the mythos of the libertarians. They keep making cut-out dolls of John Locke, and they get his thought experiment of the social contract and treat it as if he were an eye witness of some history that needs to be recovered. If I'm going to chase a Land of Cockaygne for economic society, I'd far rather it be a stoner's version of primitive communism than some aggression junkie's Belle Isle.

      Everyone is innocent of some crime.

      by The Geogre on Wed Mar 20, 2013 at 07:32:15 PM PDT

      [ Parent ]

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