Monday, April 20, 2015

Egoism, Eudaimonism, Capitalism

One's own self-interest is not equivalent to one's own best self-interest. Likewise, Egoism, for which the former is the goal, is not equivalent to Eudaimonism, for which the latter is the goal. To the contrary, the sharpest criticism of Egoism is not from without, on the grounds that it neglects others, but from within, from Eudaimonism, on the grounds that it promotes an inferior concept of the Self. Similarly, a problem for Capitalism is that its standard Egoism explains the maintaining of Wealth, but not, as the system requires, the pursuit of its increase, i. e. Profit-Seeking. On the other hand, insofar as Profit-Seeking and Greed are indistinguishable, Eudaimonism, which does not approve of the latter, does not explain the former. Thus, the motivational factor that is a foundation of Capitalism is not as easy to define as it is apparently usually taken for granted to be.

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