George
Soros argued that market fundamentalism is now more of a threat
to an open society than any totalitarian ideology. Calling a social democratic strong, in practice authoritarian, state an open society
is very questionable, although Soros' role
model Karl Popper certainly was guilty of it, too. A social democratic state is quite a closed system, where the political elite maintains power firmly in its hands. George Soros's amateur economics does not contain any credible argument that his
proposed social democratic world government work even as
well as the current or a free market economy.
Similar claims are made by Joseph Stiglitz. They are united by a staunch believe in a socialist state's superiority and contempt for supporters of a free market. They do not, however, offer convincing evidence for their faith. Joseph
Stiglitz has found a number of market imperfections during his academic career but then he makes an unjustified leap of faith to the superiority of a socialist
state. Market imperfections do not prove that the state would work even as perfectly. The end of the 2000s' recession has increased support for socialism but problems of a
mixed economy are not a rational justification of socialism. Dogmatic
socialist Stiglitz thinks all the problems of a mixed economy are caused by a free market economy and that the socialist state should be able to solve all
the problems. Socialists make that kind of mistake typically.
Nick
Hanauer did not even bother to try to make an argument scientifically,
but resorts to calling libertarians most extreme individualists, misrepresenting their views and comparing them to communists. In that he is not alone but the fallacy of moderation is common. He
does not realize that a libertarian free society would be communitarian but without a forced communitarianism. He assumes, without any rational justification, that the current state is the right solution and just needs fine-tuning. Most
people are conservatives who follow the leader, so the only thing the political elite
needs to do is to drive the state to their desired condition, no matter how crazy, and their popularity is assured. It is lame to compare libertarians to communists and then defend half-communism against a free market economy.
Market fundamentalism in itself is a pejorative term. The social democratic ideology and socialism in general are largely based on emotion and not science. Scientific
socialism is based on an emotional condemnation of capitalism and
then it is concluded that it should be replaced by something else although
there is no information about what should be built to replace it. Socialists have managed marketing well, but their product has remained weak. From the point of view of marketing
psychology, the enemy image building has been very successful when preaching their own product has at least recently succeeded less
well because of bad experiences. Still,
most people continue to accept the basic premises of socialism that capitalism cannot deliver security but there is a need for significant
government intervention in the economy.State fundamentalism is a much worse problem than market fundamentalism. The fundamentalisms of socialism and the green movement have reached the states of official ideologies and also the official science. Climate science is not worthwhile as a career if one does not wholeheartedly support the official position of the government. The same also applies to the social sciences. Both ideologies seek to present themselves as sciences but defend themselves by means of a fundamentalist faith. The dissidents are labeled as denialists or market fundamentalists. This is a phenomenon similar to the science of the Soviet Union in which scientific socialism was the official truth.
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