Monday, May 18, 2015

Capitalism and Isolationsim

The basic unit of Capitalism is the Exchange, and the totality of Exchanges can be called 'the Market'. Similarly, any party to an Exchange is a member of the Market, and is an 'individual' only qua individual member of the Market. Likewise, the Good to which Self-Interest is a means is that of the Market. Thus, any subset of the Market, membership in a subset of the Market, or promotion of the interests of any subset of the Market, is extrinsic to the fundamental principles of Capitalism. Hence, the Nation, Patriotism, and the privileging of domestic over foreign wealth reflect more Protectionist Mercantilism than Capitalism. So, for example, the political platform, such as that of some American Libertarians, that embraces both Capitalism and Isolationism, is incoherent.

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