RE: MD the metaphysics of free-enterprise

From: Platt Holden (pholden@sc.rr.com)
Date: Thu Jul 08 2004 - 15:02:22 BST

  • Next message: Mark Steven Heyman: "MD the metaphysics of free-enterprise"

    Hi Paul,

    > Paul:
    > I thought you were in favour of Randian "self-interest." If
    > self-interest is detrimental to profitability, there appears to be a
    > contradiction in your ideals here. Or are corporations better off being run
    > by a CEO who knows best?

    Well, since you (and Pirsig) have made it clear that's there's a
    distinction between Big Self and little self, and that little self is an
    intellectual pattern created by Big Self, I hesitate to buy into your
    premise here that there's such a thing as "self-interest" other than as an
    abstract concept. Perhaps, and I throw this out only as a possibility, a
    CEO is more likely to be able to recognize his participation in the Big
    Self and thus, through greater recognition of arete, achieve better things
    for his company.

    If, on the other hand, you view self-interest as a "real" motivating
    force, then you have tapped into the drive for "betterness" that
    characterizes all organisms and that, according to Pirsig, explains
    evolution better than the Darwinian principle of purposeless chance. In
    that sense, self-interest competes with other self-interests, and may the
    best man win. At the biological level, such contests are ruled by the law
    of the jungle. At the social level, such contests are either ruled by the
    laws governing society or, in a free market, by the laws governing honest
    trading (caveat emptor), or a combination thereof.

    In regards to an employee-owned company, the tendency is for each employee
    to look after his own interests rather than the interests of the company
    as a whole. That's human nature. Dan Glover's post on the difference
    between an business owner's outlook compared to that of his employees
    illustrates this beautifully. An owner (or CEO) must necessarily have a
    broader and deeper awareness of factors affecting his company's health and
    profitability than the average employee, and thus is usually in a better
    position to make decisions regarding the company's future course.

    Do owners make mistakes? Sure. Are some owners crooks? Definitely. But
    employee representatives (union bosses) are no less susceptible to
    criminal behavior, nor are politicians, priests, trial lawyers or any
    other group you care to name.

    I don't know if I've answered your question or not. But I hope so.

    Best regards,
    Platt

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