Davos Man is

late Samuel Huntington, who had coined the term "Davos Man" - an individual soulless, technocratic, and no nation without culture, detached from reality. Contemporary economic theory assumes that the Davos Forum is just as soulless capitalism, managerial capitalism, which reduced the economy to mathematics and detached from action and of human creativity. And we had an admiration for "Davos man". Who would not be impressed by the annual gatherings of the World Economic Forum in Davos? Impeccably dressed, articulate, rich, famous, Republicans, Democrats, Conservatives, Labour, Socialists, with their contacts, their power and intelligence.

And then, when the economy collapsed, managers and technocrats have lost faith in the markets. But they have certainly not lost faith in themselves and they want to abandon them now that we further the task of managing the economy. If they succeed this time around there is a fundamental confusion they should: the fact that has confused capitalism to Davos with liberal capitalism. A beautiful

hocus-pocus

Even if it is the product of a share of the right and left, with roots that go back several decades, much of the current confusion comes from the work of New Democrats and New Labour in the early 1990s: the Soviet Union collapsed and, in Europe and the U.S. economy to Keynes was a failure. Politically, it could no longer afford to employ the language of central planning, so astute politicians like Bill Clinton or Tony Blair have made liberal use language. They spoke of a capitalism more intelligent, controlled globalization, state hand in hand with business and public / private partnership.

They spoke the language of liberalism while practicing a form of corporatist capitalism

.

It was a beautiful hocus-pocus, and politically a masterstroke, and many Liberals were embroiled. That's what makes that in the minds of many, economic freedom is supposed to have failed. In fact, this is not the case. And the first step to recovery requires a correct description of the problem. Lure of capitalism as Davos is understandable: smart people who solve our problems, that would end poverty in the world and the vicissitudes of financial markets. That, in the words of TS Eliot, __The dream "of systems so perfect that nobody would need to be bon__. However, there is no such system. Morality is indispensable. And none were market even if men and women gathered at Davos had really been the best and brightest of all. For no group is good enough, smart enough or prophetic enough to manage a decentralized way the billions of possibilities and choices that make up the market.

markets are not soulless

It tends to be a market force as inanimate, and the economy as a kind of alchemy, where only a few bright insiders would know what happens. But markets are not without heart: they are concrete relations between individuals, and technocratic structures of Greenspan, Paulson, Geithner, Bernanke and the attempts of the Clinton-Bush-Obama to "manage" the economy have shown that the "managers" do not know more than us. We tried the third way, that this illusion - called Davos - and it is a failure. There was another possible choice, but we did not try. If we had let the market operate freely, they would have reacted to the reality and would have translated as, but instead, the policy states to protect businesses and individuals against the consequences of their choices and thereby maintained a company of teenagers, from me first.

The purpose of economic freedom is not to create a society of producers and consumers who would be in equilibrium. If economic freedom is important, because it creates a space for people to live their freedom, take care of their families and their responsibilities. If economic freedom is necessary because it allows people to take risks and create wealth for a prosperous life. If you need economic freedom, because without it there can be no political freedom. One and one need to be maintained, that people are virtuous and that culture is morality. Neither a culture of teen who surrenders to his whims, or a soulless culture cut off from its historical roots, the sacrifices and struggles of our ancestors, whose spirit and dedication to freedom made it possible , would be sufficient.

Action Lord wrote: "Freedom is the delicate fruit of a mature civilization."

We must begin the task of reconstructing the moral culture

- a culture that is dedicated to truth, responsibility and a spiritual depth that Davos man can not. It is our freedom depends on it.

Michael Miller Trait_html_691a601b.jpg is Director of Programs at Acton Institute and also oversees the international activities of this Institute. Before joining the Acton Institute, he spent three years at Ave Maria College of the Americas in Nicaragua where he taught philosophy and political science and chair of the faculty of philosophy and theology. The focus of his research focuses on political economy, moral philosophy, economic development and political theory.

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