5min chapter

Political Theory 101 cover image

Rawls, Hayek, and Liberalism's Relationship with the Market

Political Theory 101

CHAPTER

The Importance of a Free Market Order

Hayek thinks that you need a spontaneous order to manage the technological development. Today it could be possible, at least on the digital sphere, to have algorithms that have a considerable degree of information they can process about the total economy. That already in a sense is a designed order, algorithmic socialism, if you like. It reminds me of an idea that I'm quite fond of that I like to call Fund.gov,. The idea that we can have a single pair system for art, music, movies, TV, these kinds of things.

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