“But Popper did not deny, and did not want to deny, that economic power is dangerous and corrupting. He thought that the poverty of Marxs economism is that it saw economic power everywhere and regarded it as more fundamental than physical power and the power of the state. But this is because “all power, and political power at least as much as economic power, is dangerous” (Popper, The open society 129) and because Marx had underestimated the role that democracy, or what the Marxists denigrated as merely formal freedom, could play in controlling it. Popper thus argued that an unrestrained capitalism that “develops institutions for the control of guns and gangsters but not of the power of money is liable to come under the influence of this power” (Ibid. 129). And what emerged was a critique of economism that portrays economic power as dangerous, but as no more dangerous than either political power or the physical and psychological forces upon which they are ultimately based.” Mark A. Notturno, The Poverty of Economism: Freedom, Calculation and the Law. (I will give a link to the article in a comment – your admin luc c..)
Posted on: Sun, 20 Apr 2014 05:06:55 +0000
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