On 4/18/2013 6:40 PM, Jim Devine wrote:

> It's useful to remember that not everyone agrees with you. A lot of
> people in the US see keeping promises (including paying debts) as a
> moral good. That's an important force that legitimates the system. Of
> course, the 1% exploits this legitimacy to feather its own nests, e.g.,
> by imposing austerity on others.
> Of course, there's often a big difference between morality in theory
> (e.g., Kant or the golden rule) and morality in practice (e.g., under
> capitalism). In abstract Kantian morality, paying debts is something one
> wants others to do (if they owe you money) so one should do it too. But
> in practice, as the Kuttner article explains, it's _only_ the
> politically-powerful (mostly capitalists, though it depends on the era
> and the country) who are protected by bankruptcy laws (getting to enjoy
> a pragmatic interpretation of the abstract morality). The hard-core
> morality is imposed on the "out" groups.
> (I don't understand the reference to "an anarchist" or the "liberal art
> of separation." who and what are you talking about?)

=================

I fully expect people to disagree with me about moral theory in the same 
way they would disagree with me and each other about theology. Yet, 
there's not a shred of evidence that making promises are capable of 
being ensnared in the moral/immoral binary, especially for those who 
hold that moral discourse is founded upon mistakes. Are people who think 
moral discourse rests on mistakes immoral for thinking so? Where's the 
evidence?

Legitimacy is a political concept. Are theocracies legitimate? 
Plutocracies? Just what makes any aspects of contemporary political 
systems legitimate at all?

I would assert we ought to be damned careful and acerbically skeptical 
when economists, economists I tell you!, start throwing the term 
morality about because it's not too long before we're in the realm of 
theology. Talk about disciplinary imperialism. To cite one recent 
example; does Paul K. have any evidence that fiscal policy is a moral 
issue? Does he cite any famous moral theorists anywhere to back up this 
claim? And then he turns around in a different column and denounces his 
political opponents for turning the public debt/austerity issue into a 
morality play. Where's the decision procedure for achieving consistency 
for heaven's sake? And why no giving room, in what passes for policy 
debate these days, to people who actually study moral theory as deeply 
as he studies international trade and macroeconomics to discuss the 
depth of problems have emerged in moral theory since, oh let's be 
arbitrary, Nietzsche or G.E. Moore? You think there's no consensus in 
macroeconomics, try moral theory, epistemology and the philosophy of 
science :-)

Dave Graeber considers himself an anarchist.


Ellen Wood, amongst others savaged the liberal art of separation:

http://newleftreview.org/I/127/ellen-meiksins-wood-the-separation-of-the-economic-and-the-political-in-capitalism


  New Left Review I/127, May-June 1981

Ellen Meiksins Wood
The Separation of the Economic and the Political in Capitalism

The intention of Marxism is to provide a theoretical foundation for 
interpreting the world in order to change it. This is not an empty 
slogan. It has—or ought to have—a very precise meaning. It means that 
Marxism seeks a particular kind of knowledge, one which is uniquely 
capable of illuminating the principles of historical movement and, at 
least implicitly, the points at which political action can most 
effectively intervene. This is not to say that the object of Marxist 
theory is to discover a ‘scientific’ programme or technique of political 
action. Rather, the purpose is to provide a mode of analysis especially 
well equipped to explore the terrain on which political action must take 
place. It can, however, be argued that Marxism since Marx has often lost 
sight of his theoretical project and its quintessentially political 
character. In particular, this is so to the extent that Marxists have, 
in various forms, perpetuated the rigid conceptual separation of the 
‘economic’ and the ‘political’ which has served bourgeois ideology so 
well ever since the classical economists discovered the ‘economy’ in the 
abstract and began emptying capitalism of its social and political 
content. [*]


"There's nothing worse than a philosopher who knows a little economics." 
[James Tobin]

"Except an economist who knows nothing of philosophy!" [Robert Nozick]

Sleep tight,

E

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