subjective disagreements, market and intersubjectivity

A market, group or society makes decisions on values and meanings as a whole while its  diversity   engines the interaction between components or individuals.

Interesting video  shared by     entitled “Intersubjectivity“.

The narrator uses the example of a stock in a market to demonstrate how intersubjective relationships determine value. As he demonstrates on the chalkboard   it is the the whole of a free  market that determines a price of a stock, and  the  market requires  subjective disagreements between individuals with  different perspectives to work. That is, without the differences of subjective  valuing of a particular stock,  with different subjective  opinions of  the individual  buyers, sellers , no trading activity would take place.

Even though the participants  have come  to this market with similar interests: business, market trading, interest in a the same stock, …it is the difference of their belief  ( in particular the worth and value of a stock) that makes the market work.

If I look at this Market as a simplified model of a society, what can I infer?
Although people often seek out common interests, values and other people like themselves… its the diversification  of people in a democratic society that sets the societies values.
We are in a society as bound by our differences and disagreements  as we are bound by our similarities.
if  our economy is engined by the diversity of subjective disagreement in valuing, diversity of professions, I may assume that socially …as  communities or nations… we are better with diversity. Diversity  in  faiths, philosophies, opinions, conservative and liberal view points, life styles, etc.

What can we live with?
A society makes decisions as a whole based on values and belief  that are different then its  individuals. This means to preserve our individual rights, beliefs  and values we must tolerate  other subjective rights, beliefs an values, and come to common decisions we can all live with, decide by a democratic society as a whole.

Intersubjective Ethics.

A  democratic society  of individuals in complex relationship  is  powered by its diversity of subjective view points  and lifestyles ,as it is its common-ness.

If  we do agree  as a  democratic society that diversity is a necessary….or  at least diversity is a positive attribute, than we  must have some definition of tolerance.
One must be able  demonstrate patience and fairness when dealing other individuals who think, believe and act differently then himself, if not welcome the differences.
One must be able to deal fairly with people differing faith, ethnicity, health, education , background,  gender and age, etc that is different then themselves, as they have different needs and values, but are just  as important to a society.
Tolerance is an important  personal ethic to define, just as  other intersubjective  ethics such as reciprocity and dignity.

Society and the individual.
I think that, if we look objectively at societies as gestalts of intersubjective interaction, we can better understand the relationship of the individual to society. At the same time individuals interact within a spectrum of agreeing and disagreeing values ,beliefs, and perspectives  they also come together to make decisions as a whole in  democratic community, nation, or society.

And if you disagree with me, I will respect that. :)

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About chris
I write because I'm not good at it. I share because, writing without sharing seems empty. Thus, I write and share what I think is meaningful.

2 Responses to subjective disagreements, market and intersubjectivity

  1. Pingback: intersubjective disagreements, Markets and Democracy | Pennsylvania Echoes

  2. chris says:

    Reblogged this on Pennsylvania Echoes and commented:

    tolerance– in group dynamics, markets & democratic communities.

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