Monday, September 8, 2014

Skepticism and Capitalism

Insofar as Smith is influenced by Hume, Wealth of Nations is open to interpretation as a writ large expression of Skepticism.  Now, while the latter is often presented as a self-subsistent Epistemological theory, its internal incoherence, i. e. it is destabilized by its entailed Skepticism of Skepticism, is an indication of a transitional phase.  Thus, for example, for Kant, it offers a transition from Dogmatic Rationalism to Critical Rationalism, while, more radically, for Pragmatists, it constitutes part of a maturation from Knowledge qua given, to Knowledge qua artefactual, e. g. the results of experimentation.  Likewise, absent the recourse to the groundless 'invisible hand' premise, Smith's invention effects no more than a dissolution of Feudal society, with a concrete still alternative lacking.  For Marx, Socialism is that alternative, but his interpretation of Capitalism as the pivotal negative moment en route to it is complicated, if not compromised, by Dialecticism, through which he is convinced of the inevitability of that outcome.  In any case, the corrosive influence on American society of Capitalists such as Libertarians and the Tea Party can be interpreted as skepticism writ large.

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