What then is it that, since 2007, has caused Wall Street capitalism's own suicide? At the bottom of this worst financial mess in a century is this: M… - Paul Samuelson

Markets are not perfect, which is true even for rationally regulated markets. Nevertheless, over the last thousand years every attempt to organize sizeable societies without important dependence on markets has generated its own failure ...

The moral I take to be this. The virtues of alternative modern paradigms in science have to be evaluated in modern times and with modern methods. Until one schemata comes to dominate the other, Whig Historians will have interest in a diversified portfolio of archeological researches. As one paradigm loses out in the Darwinian jungle of science, what survives competitively in the agenda for dogmengeschicte cannot help but be altered.

Years ago Arthur Koestler edited The God That Failed, whose chapters report the disillusionment of one true believer after another in the promise of Marxian prophecies under the impact of contemporary actuality. It would be boring sawing of saw dust to elaborate on that god that failed. More relevant to the present moment of global economic chaos is an antipodal-polar archetype. I am speaking about the god of pure libertarian capitalism.