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Shaking the invisible hand: On Adam Smith's magical thinking.

952jeffdorchen

Anyone can invent a utopia with a pre-existing utopia watching over it. Smith had other conditions under which this delicate ideal capitalism would work, such as transparent availability of information and limits on one party's ability to dominate a market, but the main one was that self-interest would stop at the invisible boundary between minding one's private business and the desire to coerce the state. Once self-interest is unleashed, it turns out 242 years later, those boundaries that don't serve the self-interest of capitalists have all but dissolved.

In a Moment of Truth, Jeff Dorchen bites the invisible hand that feeds our capitalist delusions, critiques the fashion choices of the Enlightenment's major thinkers, and points out the part where "The Wealth of Nations" takes a major leap into magical thinking - a place we've been living in for 242 years.

Read the transcript here

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Jeff Dorchen

According to his contacts on LinkedIn, Jeff Dorchen can do just about anything. He’s a visual artist, songwriter/musician, actor, essayist, poet, playwright and screenwriter.

 

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