The Forum > Article Comments > The invisible right hand and the invisible left hand > Comments
The invisible right hand and the invisible left hand : Comments
By Gilbert Holmes, published 1/9/2010The simple logic of Adam Smith's 'invisible hand' has switched on the minds of generations of deep thinkers and economic policy makers.
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"If the cup maker was really interested in benefiting society he would have sold the cups for $1 or better still showed his fellows how to make them themselves."
What makes you think that the cup seller was interested in benefiting society?
"Production in a free and democratic society would be mutualism and solidarity and geared to helping and improving society as a whole not individual mega consumption and luxury goods before basic needs are met for all."
It seems to me that you are assuming either that we are benevolent by nature or that it will be best if we are coerced into behaving in a way that we do not necessarily want to. Unfortunately, embodied in Marx's interpretation of history, 'dialectical materialism', which tells us that the way that we think is determined by the shape of our society, these two assumptions have led to the disastrous idea that has plagued efforts toward communism: 'as soon as we kill all the arse-holes then we can all move into mutually supportive communities together'.
I agree that the cup seller was a greedy person and would probably have ended up either paying off the cops or being run out of town, but this does not prove that all private interest is necessarily bad for the society.
Pelican, hopefully we can avoid disaster.
The dialectic (not Marx stupid version) looks at progression within nature swinging between archetypal polar extremes, and also sometimes finding balance. With the struggle between capitalism and communism cooling off, and with the emergence of feminism, environmentalism, modern physics, the influence of Eastern philosophy on the West, the increase of democracy within governance over recent centuries, etc, I think that we have good reason to hope that we are moving into a period of balance.