Saturday, March 17, 2018
Hartmann interviews DS Wilson: The new invisible hand
They discuss Wilson's article by that name here. It's a definitive refutation of laissez-faire capitalism but not an endorsement of centralized planning. Wilson explains the evolutionary theory (ET) of capitalism refutes the notion that self-interest promotes the common good. Instead members of a society have to have the welfare of the system in mind. This of course is an evolution of selection pressures that at first favored small groups, then to larger and larger groups. It's a matter of mutual constraint and integration between all of these evolutionary developments, that integration coming from higher-level cultural design (the new invisible hand) incorporating yet curtailing lower-level individual selection. They relate this to better examples of successful cultural selection (in terms of the common good) within the Nordic countries.