Capitalism Without Conscience

Common Dreams via Robot Wisdom. Another one spot on the mark. Interesting that the hand-wringing fall-out from 9/11/FBI, Enron / Andersens / WorldCom should spark this re-emergence of the blindingly obvious facts. If you insist on rational models (like accounting) you should not be surprised that the rationalisation of the irrational creates misinformation and misguided business decisions – this is the Galbraith / Argyris / DeLorean thread at work – I must sound like a cracked record.

Of course ! – “blindingly obvious” is a clue in itself – so blinding that ignorance of it looks like a deliberate conspiracy in hindsight ? – hadn’t spotted this angle before. Many a true word spoken in aphorisms. How can you not see the blindingly obvious ? is a non-sequitor. Standard metaphorical jargon is often closer to the truth than the reality for which it is a metaphor – another recurring theme.

Interesting corollary I’ve been meaning to follow-up – the article includes quotes concerning Adam Smith’s writing of “The Theory of Moral Sentiments.” before “The Wealth of Nations.”, that the order they were written is significant. Pirsig’s levels of values / Maslow’s hierarchy of needs all relevant here. I have a strong thread on “knowledge” being an emergent property of humans interacting and, in looking for the reverse relationship of what drives human nature / common sense / no-brainer actions to be the way they are, I have been drawn towards Adam Smith’s “invisible hand” analogy. Could there be more to this than analogy I wonder ?

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