Hegel on Wall Street - NYTimes.com - 0 views
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That we all agreed about the moral ugliness of the bailouts should have led us to implementing new and powerful regulatory mechanisms. The financial overhaul bill that passed congress in July certainly fell well short of what would be necessary to head-off the next crisis. Clearly, political deal-making and the influence of Wall Street over our politicians is part of the explanation for this failure; but the failure also expressed continuing disagreement about the nature of the free market. In pondering this issue I want to, again, draw on the resources of Georg W.F. Hegel
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the primary topic of his practical philosophy was analyzing the exact point where modern individualism and the essential institutions of modern life meet.
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The “Phenomenology” is a philosophical portrait gallery that presents depictions, one after another, of different, fundamental ways in which individuals and societies have understood themselves. Each self-understanding has two parts: an account of how a particular kind of self understands itself and, then, an account of the world that the self considers its natural counterpart. Hegel narrates how each formation of self and world collapses because of a mismatch between self-conception and how that self conceives of the larger world. Hegel thinks we can see how history has been driven by misshapen forms of life in which the self-understanding of agents and the worldly practices they participate in fail to correspond.
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