Sunday, September 4, 2016

Technocracy and Capitalism

The most prominent examples of Technocracy the past several centuries have been Economic ones, often as a response to perceived shortcomings of Capitalism.  The primary target of those responses is the presumed existence of the Invisible Hand of the Market, the purported source of Justice in the system.  Accordingly, Socialism, and, less radically, Keynesianism, consist in Techne, i. e. the deliberate control over, or at least intervention in, the distribution of goods.  But, also, any centralized banking system, which controls the quantity and rate of availability of money, is Technocratic.  Thus, the most fervent opponents of Technocracy have been Capitalists, though the soundness of their arguments tends to not match that fervor.  For, their fundamental premise, the existence of the Invisible Hand, is typically presented dogmatically, an inadequacy that therefore trickles down to any claim of a 'right' against interference in the receipt of assets in the open Market, e. g. taxation of income.  Nevertheless, in some places, notably the U. S., that premise continues to be deeply entrenched.

No comments:

Post a Comment