As we continue stumble-bumming through the Wu Flu crisis and your liberal neighbor tells you she prefers "shelter in place" to the reckless Trump policy of opening the economy irregardless, it is not enough to tell her as I did, that
(Hmm. President Trump's campaign for reelection probably depends on getting the economy restarted so he can say that he cares about people like you and me.)
But there is another factor in the makeup of the politician. As the leader of his tribe or nation he is the man to protect them from marauders and pirates and plunderers. He is the leader of the young men who, as soldiers, sailors, and airmen, are called upon to march towards the sound of the guns and protect the women and children and old people.
But all this has nothing to do with the basic fact of modern society, that we get our bread and meat from participation in the social interaction we call the "market economy."
And politicians know nothing about the market economy. Victor Davis Hanson has a reminder about this, reminding us about World War II.
Do you see the point here? It is that for ten years, politicians and experts had proclaimed themselves the chaps that would correct the mistakes of businessmen and financiers and set the economy back on its feet after the Crash of 1929. And they completely failed, utterly failed. An utter wipeout.
But why be surprised? The politician knows nothing about business and the economy. Because he or she is a political professional. He or she knows politics: how to fret and strut his hour upon the stage and get attention and political support for the next election. And that is all.
What does President Obama know about the economy? In eight years as president did he vouchsafe anything that indicated some understanding about economic matters?
Whatabout AOC? Here's a woman that actually has a political science degree. But listening to her you get the impression that she has learned nothing except left-wing Activism 101. I would say that nobody that ever took an economics class could take the Green New Deal seriously. For instance, there are so many "unknown unknowns" involved in the Green New Deal transition from "fossil fuel" energy to "renewable" energy that anyone with half a brain would flinch away from it, knowing, as a man or woman of affairs, that almost certainly such a project would result in the most unmitigated disaster extending, perhaps, to widespread famine and death. So how could a woman like AOC come to believe what she believes? How could she possibly believe that the ideas she has embraced are anything but wild religious prophecy?
Whatabout all the state governors? Gov. Karen Cuomo (D-NY)? Gov. Karen Newsom (D-CA)? Gov. Karen Whitmer (D-MI)? They seem to think that governing is a process of issuing directives and regulations and arresting barbers that dare to restart business in opposition to their top-down directives.
But in the event these politicians are all advised by a coterie of experts who know nothing except their specialty. These experts know nothing about how to blend their health epidemic knowledge into the question of how much sheltering in place is possible with the need to preserve enough economic activity to keep people clothed and fed.
Based of the WWII example we might suggest that the thing for the political leaders to do is concentrate on bending the infection and the death curve and letting the economy get on with it. But politicians the the people of the educated Gentry have the conceit that the way for the world to work is for people like them to be at the head of affairs and issue directives to underlings.
Sorry, Charlie. Things are much more complicated than that. Because what matters is not the orders from on high but the interactions between all the players, including you and me, in the incredibly complex social interaction we call the economy.
Perhaps it does not matter that our politicians are fools and knaves and Karens. Perhaps the American people will march towards the sound of the guns and go to work and tell the politicians and experts to put it where the sun don't shine. And get back to the wiving and thriving that is the closest we will ever get to understanding "the meaning of life, the universe, and everything."
As a profound sexist I am bound to say that men and women have a completely different response to crisis. Women respond by sheltering in place; men respond by marching toward the sound of the guns.But the other thing to understand is the line I got from Joseph Schumpeter in Capitalism, Socialism, and Democracy, Chapter XXIII The Inference. Let me get the original quote.
[D]emocracy does not mean and cannot mean that the people rule in any obvious sense of the terms "people" and "rule." Democracy means only that the people have the opportunity of accepting or refusing the men who are to rule them... [D]emocracy is the rule of the politician.In other words, "democracy" is some sort of a fiddle where "the people" get some input into who will rule over them. But then comes the clincher, that the politician is a professional: his profession is politics, getting elected.
"What businessmen do not understand is that exactly as they are dealing in oil so I am dealing in votes."Schumpeter attributes this to "the most successful politician that ever lived." But if the politician is a dealer in votes, this means that when he succeeds to the command of government, necessarily
the democratic method produces legislation and administration as by-products for the struggle for political office.But this means that, when a politician is faced with a crisis, such as the current Wu Flu epidemic, he is pretty well clueless as to what to do. His skill set is the skill of a political leader that is good at pulling together an election team and getting voters to believe that he cares about people like them.
(Hmm. President Trump's campaign for reelection probably depends on getting the economy restarted so he can say that he cares about people like you and me.)
But there is another factor in the makeup of the politician. As the leader of his tribe or nation he is the man to protect them from marauders and pirates and plunderers. He is the leader of the young men who, as soldiers, sailors, and airmen, are called upon to march towards the sound of the guns and protect the women and children and old people.
But all this has nothing to do with the basic fact of modern society, that we get our bread and meat from participation in the social interaction we call the "market economy."
And politicians know nothing about the market economy. Victor Davis Hanson has a reminder about this, reminding us about World War II.
Neo-socialist President Franklin D. Roosevelt unleashed American business under the aegis of successful entrepreneurs such as Henry Ford of the Ford Motor Company, William Knudsen of General Motors, Henry Kaiser of Kaiser Shipyards and Charles Wilson of General Electric.
They were all given relatively free rein from New Deal strictures to work and profit without burdensome government regulations. The result was a military juggernaut that overwhelmed America's enemies.Really. So once FDR had a war to wage he was willing to leave the economy under the "aegis" of entrepreneurs and businessmen, because he didn't have time for meddling in that any more. But, the miracle was that the US economy turned on a dime.
From 1929 to 1938, the U.S. economy was in ruins. FDR's New Deal could not restore economic growth or consumer confidence. As late as 1938, economic growth had sunk to negative 3.3 percent. Unemployment soared to an unsustainable 19 percent.Then, in 1941, the US recording 17 percent growth.
Do you see the point here? It is that for ten years, politicians and experts had proclaimed themselves the chaps that would correct the mistakes of businessmen and financiers and set the economy back on its feet after the Crash of 1929. And they completely failed, utterly failed. An utter wipeout.
But why be surprised? The politician knows nothing about business and the economy. Because he or she is a political professional. He or she knows politics: how to fret and strut his hour upon the stage and get attention and political support for the next election. And that is all.
What does President Obama know about the economy? In eight years as president did he vouchsafe anything that indicated some understanding about economic matters?
Whatabout AOC? Here's a woman that actually has a political science degree. But listening to her you get the impression that she has learned nothing except left-wing Activism 101. I would say that nobody that ever took an economics class could take the Green New Deal seriously. For instance, there are so many "unknown unknowns" involved in the Green New Deal transition from "fossil fuel" energy to "renewable" energy that anyone with half a brain would flinch away from it, knowing, as a man or woman of affairs, that almost certainly such a project would result in the most unmitigated disaster extending, perhaps, to widespread famine and death. So how could a woman like AOC come to believe what she believes? How could she possibly believe that the ideas she has embraced are anything but wild religious prophecy?
Whatabout all the state governors? Gov. Karen Cuomo (D-NY)? Gov. Karen Newsom (D-CA)? Gov. Karen Whitmer (D-MI)? They seem to think that governing is a process of issuing directives and regulations and arresting barbers that dare to restart business in opposition to their top-down directives.
But in the event these politicians are all advised by a coterie of experts who know nothing except their specialty. These experts know nothing about how to blend their health epidemic knowledge into the question of how much sheltering in place is possible with the need to preserve enough economic activity to keep people clothed and fed.
Based of the WWII example we might suggest that the thing for the political leaders to do is concentrate on bending the infection and the death curve and letting the economy get on with it. But politicians the the people of the educated Gentry have the conceit that the way for the world to work is for people like them to be at the head of affairs and issue directives to underlings.
Sorry, Charlie. Things are much more complicated than that. Because what matters is not the orders from on high but the interactions between all the players, including you and me, in the incredibly complex social interaction we call the economy.
Perhaps it does not matter that our politicians are fools and knaves and Karens. Perhaps the American people will march towards the sound of the guns and go to work and tell the politicians and experts to put it where the sun don't shine. And get back to the wiving and thriving that is the closest we will ever get to understanding "the meaning of life, the universe, and everything."