Mar. 5th, 2005

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"Despite its Cold War title, The Capitalist Manifesto of 1958 is neither a defense of traditional capitalism nor a polemical call to revolution in the style of The Communist Manifesto of 1848. It is a theoretical blueprint of the physical and institutional structure of the western private property, free market system identified by Adam Smith and the classical economists; repudiated by Karl Marx and the socialists, and pragmatically compromised by J. Maynard Keynes. It presents specific proposals for correcting and perfecting the present system in the line of, and in the light of, its own logic and principles. It invites men and women of good will to set to work on the task of building an economically just and generally affluent society on the foundation of a Capitalism redeemed of its historical flaws.

"Louis Kelso's vision of Capitalism was, in Dr. [Mortimer J.] Adler's description, 'the economically free and classless society which supports political democracy and which, above all, helps political democracy to preserve the institutions of a free society.' To Dr. Adler's mind, this conception was 'the most revolutionary idea of the century.'"

[I haven't had a chance to study this material yet, but I was glad to find it so easily available, and want to share it with you. Perhaps someone who knows the work might care to comment. To "correct and perfect" a system in the direction of "its own logic and principles" is very much what Oakeshott meant by the pursuit of intimations. I suspect that the Mondragon experiment, which some science fictionists take as pointing to the future of humanity, fits in with this paradigm, but of course I don't know yet.]

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