Adages Moldbug actually says something well August 31, 2022 / An actually good metaphor from Moldbug (though I will give him some points for defining Effective Altruism as “Telescopic Philanthropy) the below is about libertarianismhttps://graymirror.substack.com/p/is-effective-altruism-effective Capitalism is cool. Spontaneous order is cool. Yet it is easy to ignore the fact that capitalism, as we know it, is not mostly made of spontaneous order. It is not a sea of self-employing economic atoms.Capitalism is a sea of economic molecules. Some of these molecules are single atoms. Some are giant megacorporations. Between the molecules, all order is spontaneous. Within the molecules—raisins in the bread—all order is directed and monarchical.
2 Comments
Judah
Coase said this first in the Nature of the Firm
admin
Really? That is good to know. Thank you.