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The Straussian Moment
gwern.net
By the eighteenth century, a new ideology was taking form, especially in Britain, that “greed is good” (to use a recent summary formulation), because greed spurs a society’s efforts and inventiveness. By giving vent to greed, the logic goes, societies can best harness the insatiable ambitions, great energies and ingenuity of their citizens. While
... See moreJeffrey D. Sachs • The Ages of Globalization: Geography, Technology, and Institutions
fallacy that it takes Supermen to forge super teams.
Stanley McChrystal • Team of Teams: New Rules of Engagement for a Complex World
A few examples include: Greed is good. Maximizing pleasure from consumption is the goal. A billion acts of selfishness will lead to a prosperous society. The social duty of business is just to maximize its profits. There’s no such thing as society, only individuals—that was Margaret Thatcher’s famous quote. Markets are efficient; other institutions
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