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Only Enlightened Collectivism Can Save Us — Caitlin Johnstone

Summary:
It can be objected that enlightened self-interest* could do it. But enlightened self-interest as viewing one's personal interest in the context of system optimality can also be seen as a form of collectivism that moderates  individualism by restricting it, whereas the "correct" paradigm of self-interest is one in which individual maximization spontaneously generates Pareto optimality (even though history shows that it does not tend to do so).My view, which is characteristic of one form of left libertarianism, is that enlightened self-interest is sufficient only if it exists in a culture whose collective consciousness is sufficient "high," that is, universal. This requires love, which, as it turns out, Democratic candidate Marianne Williamson is advocating. She is alone in this

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It can be objected that enlightened self-interest* could do it. But enlightened self-interest as viewing one's personal interest in the context of system optimality can also be seen as a form of collectivism that moderates  individualism by restricting it, whereas the "correct" paradigm of self-interest is one in which individual maximization spontaneously generates Pareto optimality (even though history shows that it does not tend to do so).

My view, which is characteristic of one form of left libertarianism, is that enlightened self-interest is sufficient only if it exists in a culture whose collective consciousness is sufficient "high," that is, universal. This requires love, which, as it turns out, Democratic candidate Marianne Williamson is advocating. She is alone in this though.

Consortium News
Only Enlightened Collectivism Can Save Us
Caitlin Johnstone

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Caitlin Johnstone — Rogue Journalist
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Caitlin Johnstone


* See also Alexis DeTocqueville, Democracy in America, "HOW THE AMERICANS COMBAT INDIVIDUALISM BY THE PRINCIPLE OF SELF-INTEREST RIGHTLY UNDERSTOOD," Book II, Chapter 8

See also

Consortium News
The Great Reckoning
Andrew J. Bacevich | Professor Emeritus of International Relations and History at Boston University
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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