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David McNally (professor)

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In short, the rules of behaviour in capitalist society systematically produce irrational consequences.
--
Chapter 3, The Invisible Hand Is A Closed Fist, p. 86

 
David McNally (professor)

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I think it's very important to have both cartoons and more realistic structures. The cartoons have the power of representing the essential very often, but have this intrinsic weakness of being in a certain sense predictable. Once you look at the Sierpinski triangle for a very long time you see more consequences of the construction, but they are rather short consequences, they don't require a very long sequence of thinking. In a certain sense, the most surprising, the richest sciences are those in which we start from simple rules and then go on to very, very long trains of consequences and very long trains of consequences, which you are still predicting correctly.

 
Benoit Mandelbrot
 

The core of the Marxist critique of capitalism is that although the individual capitalist is rational (as liberals assume), the capitalist system itself is irrational.

 
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I suggest that the hon. gentleman may be a good corporation lawyer, but he is slipping badly in his history. The capitalist system did not produce the machine age; the machine age produced the capitalist system. The material prosperity that the world has enjoyed for the last seventy-five years or one hundred years has been due to the introduction of power; steam power, then electric power and the internal combustion engine. The capitalist system or the free enterprise system - the terms are synonymous and interchangeable - was the product of the power age. The capitalist system did not produce the power age.

 
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An ideal objectivist society with a limited government is superior to an anarcho-capitalist society in precisely the same way that an ideal socialist society is superior to a capitalist society. Socialism does better with perfect people than anarcho-capitalism with imperfect. And it is better to wear a bikini with the sun shining than a raincoat when it is raining. That is no argument against carrying an umbrella.

 
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In this constant battle which we call living, we try to set a code of conduct according to the society in which we are brought up, whether it be a Communist society or a so-called free society; we accept a standard of behaviour as part of our tradition as Hindus or Muslims or Christians or whatever we happen to be. We look to someone to tell us what is right or wrong behaviour, what is right or wrong thought, and in following this pattern our conduct and our thinking become mechanical, our responses automatic. We can observe this very easily in ourselves.

 
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