Month: September 2020
Individualism vs Collectivism
The main strength of the doctrine of Individualism is “Locality of failure”. Under the doctrine of responsibility for self, failure is local to the individual. The individual is connected probably with 5 or 6 other people who can provide some assistance.
However, when a collectivised system fails i.e. a system where everyone is relying on everyone else, then everyone is in the same boat and there is no one capable of bailing anyone else out, let alone the whole system.
This is why all forms of coerced collectivism throughout history have killed 100’s of millions of people.
Individualistic capitalism on the other hand has created the greatest levels of wealth because it is the most robust and most immune to failures of all kinds and this is because the individual is the most fundamental component of society.