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Nov 29, 2009, 10:49am

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AuthorTopic: Objectivism (Read 73 times)
maximus
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Re: Objectivism
« Reply #10 on May 1, 2009, 10:45pm »
I see. I will counter with this: Greenspan did not adhere to free market principles while Fed Chairman by keeping interest rates artificially low, which kept the natural recession cycle from ocurring to correct the markets. The housing bubble was a combination of the low interest rates, and Barney Frank's failure to exercise his proper oversight over Fanny Mac and Freddie Mae, which were in financial trouble due to earlier government mandate that they lend sub-prime to unqualified buyers in a utopian plan to get more minority people in homes they could not afford. This has nothing whatever to do with Objectivism, which, as you pointed out, is a Philosophy. Free market capitalism did not fail, as it was the interference of government coupled with the Federal Reserve system that brough about the US' financial woes.

No injection of artificially created funds in an effort to stimulate the economy is going to work, it will lead to massive inflation and, down the road, increased taxes, which will be a further damper on the recovery. Obama is making the same mistakes that FDR made that turned a recession into a decade long depression.

You seem to be rejecting the free market in favor of a quasi-socialist model.
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Tamrin
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Re: Objectivism
« Reply #11 on May 2, 2009, 8:05am »
Perhaps I expressed myself poorly. In some respects I am a realist, in others an idealist, but I try to steer clear of being an ideologist and I like my philosophies to be matters which can be discussed philosophically.

I tend to become wary when a "philosophy" is self-servingly used to justify some laissez-faire policy which, when one clears away the obfuscation, is seen to lack any functional means for achieving its object. In such cases I suspect I am more likely dealing with an ideology. If one wishes to achieve an object, success is more likely if one directly plans for it, rather than relying on blind faith in its accomplishment as a cor-ollary of individuals pursuing their narrow interests (who, one may be sure, plan to achieve their objects).

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As for the reasons for the 2008 economic melt down, that remains a matter of debate. The prevailing ideology of the markets had been biased against regulation, with the administration seeking out economists, such as Laffer, who told them what they wanted to hear. While you may wish to argue that the main players weren't really "true believers" or that they weren't sufficiently Objectivists: Realistically this was as good as it could have got for the expression of an ideology in a complex economy. Now more mainstream economists are being heard and drastic measures are being implemented, let's hope they are not too late.
« Last Edit: May 15, 2009, 7:34am by Tamrin »Link to Post - Back to Top  IP: Logged
S&F, Philip Carter / Centre for Fraternalism / Great is Truth and mighty above all things (I Esdras 4:41)
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magusmasonica
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Re: Objectivism
« Reply #12 on Oct 11, 2009, 3:48am »
On a side note it is interesting on just how close Objectivism is to what we now call "LeVeyan" Satanism.
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