Evolution and Classification: Reformation of Cladism by Mark Ridley

By Mark Ridley

Ebook by means of Ridley, Mark

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Globalization of capital and privatization (“Washington Consensus”) were defended as part of a new development model (Bair 2009; D’Arista 2009), in spite of the increasing frequency of financial crises. 11. Triple crises of finance, governance, and environment: The development of asset markets, based on individual private property defined as claims to a share of future revenue, presumably distributes individual risk more widely but multiplies systemic risk. The development of the global sovereign debt market allows large private investors and hedge funds to determine the fate of nations, as 20 / the evolution of the property relation in the euro crisis of the 2010s.

The normative stories, such as Horatio Alger and “the American Dream,” then acquire meaning for education and public dissemination. Widespread public acceptance then induces greater adherence to the foundational myth, and to upward mobility as the ultimate criterion for judging one’s own individual life accomplishments. The value placed on earning capacity and revealed by conspicuous consumption then drives social life, voluntary associations (networks), residential location by class, and mate selection, for the purposes of assuring upward mobility.

In mid-eighteenth-century Europe, the notion that human rationality and popular self-government could be an independent source of authority gained acceptance, along with public enthusiasm for and appreciation of emerging natural science (Mokyr 2008). During this period, Enlightenment writers were also developing a specialized field of political economy (Rothschild 2001, 15–20). That is, modern societies sought authority in newly develop­ ing natural and social sciences, as modern states developed an awareness of the potential for self-determination.

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