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Continued from here.
Politics (7) - Politics (18):
(15):
- technical progress and economic growth are anchored in human nature
- the possibility of high performance in augmenting the technium hinges on the way social forces are organised, and this, in turn, depends on the ordering of human affairs brought about by politics.
- technium (the sum of our physical technologies) and socium (the sum of our social technologies) form a mutually reinforcing cycle
- improved socium leads to an accelerated and more efficient augmentation of the technium, which releases more resources to strengthen the socium
- "Keynesian options" emerge, become part of a more powerful socium
- we make greater demands on politically organised community, especially the state and its organs
- increasingly, economic resources are applied to satisfy desiderata of considerable public acclaim
- where public resources are substantial, as they are under modern capitalism, public life tends to get interwoven in countless ways with the Keynesian thread
- people grow accustomed to the gifts of the visible hand
- by political activity, we transcend laissez faire, a modus operandi that is defended by condemning the very welfare enhancing pooling of resources that we take for granted in countless other circumstances
- demanding laissez faire presupposes a (status quo based on a) tremendous amount of publicly organised resource use
- the interventions on behalf of a public purpose that underlie demands for laissez faire (securing of personal freedom etc.) create a reality from which demands emerge for more intervention (Keynesian options)
- that is where Keynesians and non-Keynesians are joined at the hip
- the laissez faire scheme requires massive resource pooling and provision of public goods (little appreciated by the claimants), which, in turn, demonstrates to "Keynesians" the usefulness and admissibility of significant state intervention
Continued here.
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