You seem to believe that the capitalist market is truly what Frederick Hayek called a “spontaneous order” – a system that naturally emerges when people engage in voluntary trade. Prices aggregate dispersed information better than any central human planner ever could. Interference distorts it. The outcomes, whatever they are, reflect the aggregate of free choices.
Under this model, the framework outlined by Eliezer in Traditional Capitalist Values applies, and money is simply the just reward furnished by society to those who create value. Meaning that if someone becomes rich, it's because they have created enormous value within the context of a neutral system that treats all... (read 1827 more words →)
I am a woman living in rural poverty.
You seem to believe that the capitalist market is truly what Frederick Hayek called a “spontaneous order” – a system that naturally emerges when people engage in voluntary trade. Prices aggregate dispersed information better than any central human planner ever could. Interference distorts it. The outcomes, whatever they are, reflect the aggregate of free choices.
Under this model, the framework outlined by Eliezer in Traditional Capitalist Values applies, and money is simply the just reward furnished by society to those who create value. Meaning that if someone becomes rich, it's because they have created enormous value within the context of a neutral system that treats all... (read 1827 more words →)