Hayek vs. Rand
Excellent article, however I think the article is way too kind to Hayek. Ultimately Hakey is a social collectivist but not a political collectivist. Here is my analysis of Hayek https://www.youtube.com/watch?v=bkwIL..., which tracks many of the points in the article.
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Good enough for government work.
Do we not viscerally understand the negatives attached to that???
'The good is the enemy of the best'.
It means that doing just enough to get by, devalues the efforts of those who do the very best they can.
Safety net-
Emotionally I like this but I observe that wherever it is tried it
i. just grows more ambitious, and
ii. it encourages a life style for those who are content to do nothing.
The result is a growing public sector and growing unemployment.
It may be possible to devise a safety net that does not have those problems, my current thinking is that it is not possible.
I have a more benign view of Hayek, yes some of his views may be approaching mysticism, but about reality, I see his view as saying that human perception of reality is necessarily limited rather than saying that there is no ultimate reality.
Hayek seems to be based more on the "average person" who is less prone to rational thought, and more to emotion; also less prone to individualism, and more to social interaction, as in "we're all in this together".
I can see where Hayek's concept of the world may be helpful when dealing with those outside the Gulch (we may not agree with them, but maybe we can at least understand them). I'm basing my observations strictly on the article linked, however. I have not spent any time studying Hayek's work.
This frankly involves paying off the moochers in order for them to leave us alone to make things. It's a pragmatic idea.
The ability to produce things without having the government control and manage us might be worth paying them 'protection' money as taxes.
I'm also wondering about what an 'economy of abundance' society would look like when sufficient goods and services for everyone to have a 'middle class life' can be created by the labor of 5% or less of the population assisted by automation.