Friday, January 10, 2020

It's Past Time for Merely Defending the Market System. Etc.

I'm reading Why Liberalism Works by economist Deirdre McCloskey that celebrates her three "Bourgeois Era" books. In those books she establishes the remarkable Great Enrichment of the last 200 years and attributes it to the bourgeois ethos of the seven virtues and also the "have a go" ethos of ordinary people starting in 1800.

Basic to this notion is that "capital" is not something that accumulates, but is created when something new and useful is invented and produced and sold out of a clear blue sky. I suppose the fundamental case for that is the creation of John D. Rockefeller Sr. and his Standard Oil. Rockefeller created a company that reduced the price of illuminating oil from about 80 cents per gallon to 10 cents per gallon. Not surprisingly this astonishing achievement shot the stock of Rockefeller's Standard Oil into the stratosphere. Why? Because the present value of Standard Oil discovering and producing and selling oil was enormous. And that was before they discovered oil in Texas in 1901.

I mean: what is the value to the average housewife of the oil that she bought for those cute oil lamps later featured in western movies? That were much safer and useful than the wax candles that really only rich people could afford? (Check out various recent TV series of the candle era in which typically the producers have decided to show the indoor lighting just by candle. Rich-people parties have veritable galaxies of brutally expensive candles. Almost everyone lights themselves to their bedrooms with a single candle.)

Apply the same logic to all the other astonishing things of the past two centuries: trains, steamships, cars, electricity, safe childbirth, computers, internet. This is not accumulation but explosion.

However, I am not sure that I buy the Bourgeois Virtues argument and the celebration of bourgeois culture. I am more inclined to go with the verdict of George Eliot in Adam Bede where she celebrates ordinary rural carpenters and farm girls getting the ethos of Methodist Christianity and the sense of directing their own livesunder the inspiration of God and his divine laws.

In other words, Adam Bede and Dinah Morris were graduating out of the subordinate peasant mentality to think and act as Commoners.

And there is the peculiar marriage of elite science and commoner mechanics marrying science to technique and turning ideas into useful products.

I am more inclined to attribute the Great Enrichment to the ordinary people "having a go" and the elites and governing classes not seeing what was going on until it was too late to stop it.

Think of the Trump election in 2016. The elites thought Trump was a rube and a blowhard. They just had no idea that he could and would connect with the ordinary American Commoner and win their votes and now their trust. If they had known... they would have made sure that Trump got nobbled before he got out of the starting gate. Indeed they did nobble him with the Steele Dossier, but just didn't press home their spying operation, probably because they thought to themselves that "this clown will never get elected."

I guess my point is that it is past time for defending the market system and its recipe for baking the cake of a world without poverty. If you don't get that, lefties and gentry, after all these years, you are a fool and a knave.

When the elite and the left make that elite guidance is needed to keep capitalism just and moderate I think that they are not quite lying but certainly covering their eyes to the reality of the market economy. Certainly any fair-minded judge has a right to feel that the eye-coverers have a vested interest in their blindness.

It is past time to be understanding. I think we should be on the attack, as in this from my Maxims page:
Crimes of the Left: Driving working class off the road to the middle class; misdirecting women in the public square; making war on middle class culture and values; taxing business and ordinary people and enslaving them to ruling-class crusades to save the world.
See, I think that the argument of Marx and subsequent lefties to teach the working class that "we wos robbed" is one of the great crimes of the ages. All in the interest of political power. And then teaching women to have "careers" rather than run the culture from their traditional base in the home, the famiy, and the neighborhood. Now we have the gentry class saying that we need less prosperity! Because Saving the Planet.

Here's a piece about how the Democrat judges are using blatant devices to stall and stymie anything that Trump proposes with tricks like "nationwide injunctions." I don't think that we should give them the benefit of the doubt, and allow that the poor dears just don't understand. If the Obama judges don't understand the monstrous injustice of their actions -- and I dare say they don't -- then they really don't understand law and don't understand that the whole point of law is to be a brake on ruling-class power.

It is far more likely that the Obama are deliberately blind to the injustice of their actions, because they don't want to know, because they have been carefully taught, because to seriously think about their political agenda, to seriously allow that others -- their political opponents -- might have a valid point of view, is not to be endured.

In other words it makes more sense to believe that our liberal friends of all kinds are merely Educated Gentry responding to ruling class anthems that appeal to their taste for ambition, their need for honor, and their consuming vanity. And that the don't have the education, the understanding, and the judgement to think any other way.

When you look at our liberal friends, let's face it, it's all about them. That's what Trump Derangement Syndrome is all about, the utter demolition of the decades old liberal comfort zone.

I mean, anyone with half a brain should have at least considered that 2016 was a change election, after two terms of Obama and certainly after 8 years of very slow growth out of the 2008 Recession, and given the rather limited political skills of Democratic Candidate Hillary Clinton.

The very fact of the post-election hysteria was a dead giveway that the average Educated Gentry voter had been led by their leaders and the liberal media into a political La La Land. Because what grown-ups do after a failure is suck it in and determine to do better.

No, the only thing that will teach our Educated Gentry that they have a problem is nothing less than the school of hard knocks, of a 55-45 loss in 2020, a sold Republican Congress in both houses, several high profile criminal prosecutions of Obama administraion officials involved in the spying on the Trump campaign and the half-hearted coup attempt since the 2016 election.

Our Democratic friends have to be treated to the famous line that the coach delivers to his football team after a stinging loss: "Let's get back to basics. This is a football."

And nothing would communicate that something is completely out of joint than for a significant chunk of black and Hispanic voters to start voting like Commoners rather than Victims.

It's past time for merely defending the market system. It is past time for merely defending the American way of life. It's past time for assuming that the Educated Gentry will ever give the Commoners a fair shake. It's past time for cringing before the accusation of racism, sexist, homophobia.

It's time to go on the attack. For the simple reason that all sectors of American society have a right to be heard and to have their needs factored into the political auction.

It is not true that the market system is unjust. It is not true that Commoners are bigots and white supremacists. It is not true that women and gays and blacks and Hispanics and Muslims are helpless victims and need special privileges to get justice in America. And it is not true that Educated Gentry have a right to order the rest of America around.

Until that is conceded, things are going to continue to get pretty hot around here.

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