This is a strange little book. At once perceptive and engaging in its discussion of existentialism. It is also confusing in its detour through moral relativism and finally off-putting and superficial in its analysis of minimal state libertarianism.
The basic point of the book however is a good one. Existentialism, a philosophy that takes the lack of objective values and purpose in the universe as its starting point and urges their subjective replacement, can fit neatly with free markets. Though Nietzsche hated commercial society and Sartre was a Marxist —albeit a unique one— there’s a natural sympathy between a philosophy of freedom and a social order which is defined by it.
Not only do these philosophies overlap, there’s a potential complement between them. Markets offer open choice, but humans often make bad or indulgent choices. Free societies enable their citizens a vast scope of options, but this often leads to anxiety and alienation as we worry about the right option for us. To the degree that Existentialism confronts these head on, and helps inspire a responsible path of self-creation — “become who you are” — it can fill in the missing sense of order and organisation many long for.
While the author seems to think he is ‘lonely’ as an adherent of both views, I’m not sure that’s quite the case. Indeed, in describing this book to my father — a keen student of Husserl and phenomenologists — he described seeing copies of Being and Nothingness in the 1970s on the shelves of economists in the Australian Treasury. This was at a time when they were beginning the planning to radically reform and liberalise the economy.
I’ve read my way across several existentialist texts, including much of Nietzsche and Camus and decent chunks of Heidegger and Sartre (One day I will finish Being and Nothingness… One day). But I found this book’s middle chapters on moral anti-realism (the idea there is no objective moral truth) confusingly beside the point. It wasn’t clear how it was foundational to existentialism or free markets, or what role it served to play connecting the two.
Irwin it seems wants to educate readers to these two philosophies and argue for their logical connection. Yet these different tasks pull in opposite directions and the book never quite sets out the former theme as a specific intention. In turn, the actual content I was looking for, how existentialism works within a free market world view, and ‘capitalism without consumerism’ as the subtitle alluringly identifies, is only a small part of a rather brief book. Again, maybe I’ve missed the logical necessity of the selected approach, but if I’m struggling, I’d suggest most readers would as well.
The final chapters on free markets and the minimal state were also off putting. I am not a libertarian, but I’m sympathetic to the basic argument. What I don’t find appealing however is how weak many of the arguments for libertarianism are. The key challenges and questions critics pose it about suffering or gaps in services are often ignored or dismissed with a ‘well it’s plausible the reverse is true’.
Too often, libertarian analysis tends to focus on outlier cases rather than the average experience. So the immigrant who pulls themselves up by their bootstraps is much more the focus of analysis than the mediocre but decently hard working girl from the outer suburbs. Just as they focus on outlier cases of success (they made it, everyone will!), similarly outlier failures are the concern (these communist states destroyed liberty, every state will!). I get the desire to push the point to extremes to clarify, but it can read like a self-imposed case of reductio ad absurdum.
I believe markets work, but they work in aggregate. Ten thousand businesses had to fail for us to have the benefits of seamless Microsoft operating systems and ubiquitous apple smart phones. Those are real advantages, but what about areas where each and every failure hurts us all – such as the education system? I have no problem with an entrepreneur failing, they can always start again. But what about a kid whose school collapses, and for whom the next alternative won’t appear for several years? Equally, personal responsibility is fine to preach and expect more of, but you’re not responsible for getting most forms of cancer, or multiple sclerosis. Yet without support these illnesses can ruin people financially as well as destroy lives.
Existentialism is a philosophy that can help people find freedom even in a body withered by illness or locked in a cell. It’s inspiring and uplifting in the darkest of moments. But as much as I can understand the internal logic of an existentialism combined with a state that is indifferent to bad luck and circumstance, it seems to me to negate its own larger purpose. That of expanding and supporting the uptake and fulfilment of human freedom by as many as possible.
This book has an interesting idea within, but a less than satisfactory execution. Worth exploring, but there’s much more to this concept than you’ll find between these covers.