report: Pack on Gilder

Doug Henwood dhenwood at
Tue Nov 28 08:25:50 MST 1995

At 1:43 PM 11/28/95, g.maclennan at wrote:

>Very interesting, Lisa and thank you for the report.  I was amazed to see
>the turn to religion being advocated like this but the turn to the
>irrational is always possible in a system built round an irrational
>device like the market.

Gilder said in Wealth & Poverty: "Capitalist production entails faith - in
one's neighbors, in one's society, and in the compensatory logic of the
Cosmos. The socialist economy proceeds from a rational definition of needs
or demands to a prescription of planned supplies.... Under capitalism, the
ventures of reason are launched into a world by morality and Providence."

So there you have it; in Gilderese, rational = bad and irrational = good.
Especially the irrationality fueled by heavy doses of testosterone.



Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
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