Profile picture
Ben Wheeler @benjiwheeler
6 years ago, 14 tweets, 6 min read Read on Twitter
mentions But Russ, it's not only a question of what we expect the market to give us. It's a question of what the market demands. Because the market, in its disinterest and neverending incentives, will not leave the landscape of morality unplundered.
mentions To deny the moral activism of the market would be as myopic as to deny the suppression of human ingenuity & intrepidness under communism.

You can build institutions with no connection to the market. But they will be subsumed by the market unless you fight constantly against it.
mentions In a world with perfect human rationality, utilitarianism, and the golden rule, where people measure externalities and track the reliability of providers of goods and information, the market might bend firmly towards positive morality.
mentions But just as communists and anarchists must answer for what communism and anarchism actually are, not merely what they would be if the world were how they would have it remade, so must free marketers answer for what the free market actually is.
mentions The market is credit unions and angel investment. But the market is also pyramid schemes, insider trading, Wells Fargo-style consumer fraud, bait-and-switch offers, get rich quick schemes, mailers and calls that pretend to be from the government, door-to-door elder fraud.
mentions These are not merely bad things that are bad.

They're morally devastating to the people who perpetrate them, and the people who fall for them. They're morally devastating for the families, such as 3 generations of Trumps, who confuse taking successful advantage with virtue.
mentions And this gravity of immorality is constant. Start a small business, make it successful -- and soon, inevitably, INEVITABLY, there will be voices and pressures pulling it towards maximum permissible immorality.
mentions That means cutting corners to the legal limit -- or, often, beyond it, taking fines and punitive repercussions as an acceptable cost. That means venue shopping, finding other jurisdictions where more immorality is permitted.
mentions That means running competitors out of business, even if it means incurring a large loss, if it means you won't have a shop where workers could go work instead. That means colluding with other owners of capital. That means regulatory capture.
mentions And none of this need be planned centrally; it's a pattern that happens again and again, in well-intentioned business after well-intentioned business, as if guided by an invisible hand.
mentions There is an inexorable corrupting, degrading, denuding, rapacious drag on all moral existence in any society subject to the market and its calculus.
mentions It makes reasonable people deliver poison to our children's bodies. It makes reasonable people live lives of lies. It makes reasonable people sell things they know are less than worthless. It makes reasonable people cheat and defraud their fellow citizens.
mentions It makes a mockery of the sanctity of life, a mockery of communities of prayer, a mockery of the honor of hard work. And if it has a leading light like you blind to the extent of its morally disemboweling force, that's a sign that it makes a mockery of intellectualism, too.
mentions
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Ben Wheeler
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member and get exclusive features!

Premium member ($30.00/year)

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!