The Clash Of Group Interest

The Clash Of Group Interest
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In this thrilling essay written in 1945, the author lays out a theory of social organization in response to the Marxist critique of the free society. He explains that the Marxist view is wrong concerning its claim that there is a clash of group interests in the market order. He explains the difference in the competition between producers and a Marxian-type struggle. He shows how the relationships between labor and capital are essentially cooperative in that interests coincide over the long run - and so it is with all groups in a free society.

However, he goes further to map out a theory of what he calls castes that form under interventionist systems. Here the privileged group really does live at the expense of the paying group in a manner which Marx suggests - but with the key difference that it is the state and not the market that makes this possible.