Wednesday, August 8, 2018

Capitalism and Will to Power

As has been previously discussed, Smith's Egoist principle does not apply to his own presentation of it.  In contrast, one theory that does apply is Will to Power, qua Will to Empowerment.  For, his purpose in Wealth of Nations is to empower his audience to pursue Wealth, by showing them how to do so, including by the formation of Division of Labor, by focusing on Maximization of Profit, by inter-national free trade, etc.  Furthermore, Will to Power explains Economic activity in general--from the technological mastery of natural resources, to the abuse of them and of human Labor.  It also exposes how the system propagated in Smith's book might not be Economics, but Chrematism.  For, just as Will to Power seeks the discharging of Strength, for its own sake, expenditure is a discharge of Wealth, for its own sake.  Accordingly, the accumulation of Wealth is not an end-in-itself, but it is treated as such in Wealth of Nations.  Now, according to Aristotle, the pursuit of Wealth for its own sake is Chrematism, not Economics.  Thus, Will to Power explains Smith's productive behavior, and also exposes a limitation of his product.

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