Philosophers From The United States

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April 10, 2026

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"Several implications follow from Hayek's insights into the nature of capitalism.(a) The claim "I deserve my pretax income" is not generally true. Nor should the basic organization of property rules be based on considerations of moral desert. Hence, claims about desert have no standing in deciding whether taxation for the purpose of funding social insurance is just. (b) The claim that people rocked by the viccisitudes of the market, or poor people generally, are getting what they deserve is also not generally true. To moralize people's misfortunes in this way is both ignorant and mean. Capitalism continuously and randomly pulls the rug out from under even the most prudent and diligent people. It is in principle impossible for even the most prudent to forsee all the market turns that could undo them. (If it were possible, then efficient socialist planning would be possible, too. But it isn't.) (c) Capitalist markets are highly dynamic and volatile. This means that at any one time, lots of people are going under. Often, the consequences of this would be catastrophic, absent concerted intervention to avert the outcomes generated by markets. For example, the economist Amartya Sen has documented that sudden shifts in people's incomes (which are often due to market volatility), and not absolute food shortages, are a principal cause of famine. (d) The volatility of capitalist markets creates a profound and urgent need for insurance, over and above the insurance needs people would have under more stable (but stagnant) economic systems. This need is increased also by the fact that capitalism inspires a love of personal independence, and hence brings about the smaller ("nuclear") family forms that alone are compatible with it. We no longer belong to vast tribes and clans. This sharply reduces the ability of individuals under capitalism to pool risks within families, and limits the claims they can effectively make on nonhousehold (extended) family members for assistance. To avoid or at least ameliorate disaster and disruption, people need to pool the risks of capitalism."

- Elizabeth S. Anderson

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"Although perhaps disproportionately influential, these egalitarian pluralist antiphysicalists still form only a small minority among contemporary philosophers, and today a huge preponderance of current philosophers of mind happily call themselves physicalists (or materialists), as do many other philosophers. Does this mean that in philosophy the question of physicalism has pretty much been settled – and settled in physicalism’s favor? It does not. For the appearance of a prophysicalist consensus in current philosophy of mind and elsewhere is in truth quite misleading. For one thing, philosophers content to assume physicalism in their detailed contributions to highly specific issues like phenomenal consciousness or intentionality rarely do so, I suspect, with an entirely easy conscience, often admitting quite candidly that they are simply taking physicalism for granted. Indeed, for all I know, they may even share the occasionally voiced suspicion that the widespread commitment to physicalism among science-minded philosophers reflects no more than an exaggerated regard for physics. A second, and more serious charge is that a consensus about physicalismat the level of interesting philosophical detail simply does not exist: how exactly to formulate the physicalism that everyone allegedly espouses, how far this physicalism can and should be nonreductive, what sort of empirical evidence does or even could in principle support it, and how it might overcome the major challenges it apparently faces are questions that, so far from being answered uniformly, are very frequently not answered at all. By confronting the issue of physicalism head on, however, this book will at least provide such questions with clear answers. Naturally I hope that these answers are correct as well as clear; but clarity alone would be ample progress."

- Andrew Melnyk

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