Posts Tagged ‘proressive’

The Invisible Hand

February 18, 2019

It is likely that this title appears strange to the reader. It is hoped that it will become clear later in the post. HM has become quite depressed due to not only Trump and his followers, but also the lack of caring that many conservatives show for their fellow humans. As has been mentioned in many previous posts, the United States is the only advanced country that does not have single payer government health insurance for all its people. In polls of general welfare and happiness the United States does not fare especially well. Michael Moore produced a valuable film titled “Where to Invade Next” that summarized the different ways that countries deal with their problems. They are definitely superior to the United States where a large tax cut is given the rich, increasing the national debt, and then used as an excuse to cut the few benefits American citizens have.

Actually this post is a follow up to the post titled “Would Adam Smith Be a Conservative Today?” in the series of posts on Linguistics and Cognitive Science in the Pursuit of Civil Discourse. Another relevant post is “The Strict Father Model.” This model was developed by George Lakoff, assisted by two conservative Christian linguists in the formulation of a model to facilitate an understanding of how conservatives think. They are strongly influenced by the concept of an invisible hand developed by Adam Smith, the author of “The Wealth of Nations,” the full title being ‘An Inquiry into the Nature and Causes of the Wealth of Nations (1776).” This is one of the most influential books every written as it formulated the ideas of capitalism and free trade. This book was a major contributor to economics and, indeed, the wealth of nations. If someone remembers anything from this book or anything about Adam Smith it is most likely “invisible hand.” The basic concept here is that there is something that works like an invisible hand that guides the flow of money to where it is most needed. And this definitely does seem to be the case. Unfortunately, some conservatives take this to mean that this invisible hand will address the needs of the people. Some even come to the conclusion that the poor and needy have not exerted enough effort or this invisible hand would have worked for them. So it is their problem, not a social problem.

Although “The Wealth of Nations” is Adam Smith’s most famous and influential work, he did not regard it as his best work. He had published “Theory of Moral Sentiments” in 1759, which he regarded as his most important work. “The Wealth of Nations” was published in 1776. Smith returned to working on “ The Theory of Moral Sentiments” until his death in 1790. It appears that he thought that he still needed to finish.The term “invisible hand” appears only once in each of these books. Clearly Smith did not overwork this term, although scholars and his followers have.

It is also quite obvious that Smith did not think that “invisible hand” would meet many needs of the people. Smith thought that empathy, understanding, and the well-being of our fellow humans is paramount. Although the term likely did not exist in Smith’s day, HM thinks that he was advocating mindfulness, meaning that humans needed to relate to their fellow humans in terms of their emotions and needs. There is a need to be mindful of our fellow humans. It is also clear that were Smith alive today, he would most certainly be a progressive and not a conservative.

Much more information can be found on both Adam Smith and his books on the Wikipedia. Kindle versions of each book for less than $1 are available from amazon.com.

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