In the video below Hayek argues that intellectuals are more likely to support Socialism based on the belief that social institutions can be designed to serve human interests. He contrasts this with the spontaneous evolution of market institutions, arguing that government cannot posses the information necessary to make economic decisions, concluding that the "spontaneous" institutions of the market are superior to ones in a "planned" economy.
As the arguments Communists face are usually Libertarian, I've put this in the Communist Only sub-forum because I think it is important for Communists to discuss these ideas to better understand them and to know how to best argue against them.
I wanted to ask whether you agree that intellectuals tend to prefer the designing of social institutions to serve human interests (based on principles of social justice for example)? Would you agree with Hayek that this is a prejudice of sorts? Or is there a way to prove that designed institutions are superior to those market institutions which developed (he claims) "spontaneously"?
Any thoughts Comrades?
As the arguments Communists face are usually Libertarian, I've put this in the Communist Only sub-forum because I think it is important for Communists to discuss these ideas to better understand them and to know how to best argue against them.
I wanted to ask whether you agree that intellectuals tend to prefer the designing of social institutions to serve human interests (based on principles of social justice for example)? Would you agree with Hayek that this is a prejudice of sorts? Or is there a way to prove that designed institutions are superior to those market institutions which developed (he claims) "spontaneously"?
Any thoughts Comrades?
**Please Note this is in the Communist Only Sub-forum**
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