Yesterday I blogged about dear old George Soros, speculator and funder extraordinaire, and his speech to Klaus Schwab's World Economic Forum at the meeting of the private jets in Davos, Switzerland.
Klaus Schwab opened the conference patting the fly-private worthies on the back for their wisdom and excellence.
Our multiple collaborative initiatives will drive progress by strengthening global and regional cooperation; by preserving nature and fighting against climate change; by developing new economic and social policies; by accelerating responsible ESG industry transformation, and by using the disruptive technologies such as AI, blockchain, and quantum computing, for the benefit of society.
The thing about this is that it is word salad, that nicely coordinates with what the rest of the educated global elite is thinking and wants to do. It imagines itself as a benign supervisor of the world, soothing its passions and directing it on the right path.
But Schwab is probably wrong. His ideas will probably die a painful death.
For instance, my guess is that "fighting climate change" is going to turn out as a gigantic mistake that may turf the current ruling class out of power. I am reading a detailed history of the French Revolution -- Simon Schama's Citizens -- and it mentions the critical importance of spiraling bread prices in early 1789. Ordinary people wanted the King to Do Something about it. Hello spiraling gas prices which President Biden calls an "incredible transition" to a post fossil fuel future.
And I think that "developing new economic and social policies" will probably be policies that seem nice and cosy to the global elite, but not to the ordinary punter.
For comparison, in 1787 the Frenchies had an Assembly of Notables to decide what to do about the finances of the French government. All very sensible, but then came July 13, 1788 and a monstrous hailstrom that took out the grain crops in France. Then followed a winter, the worst since 1709. The four-pound loaf went from 8 sous in summer 1787 to 15 sous in February 1789. You already know what happened next.
And I think that "responsible ESG industry transformation" will turn out to be a dead letter as the economy reels from the current inflation and gets completely transformed into something that nobody expected, least of all the fly-private barons of Davos.
It is, as Hayek wrote in his final book, a Fatal Conceit to think that you and yours can design and construct the political and economic order. Let alone the moral order! The world is the result of billions of experiments -- vegetable, fungus, animal, and even human -- that worked. It's odd that the official narrative accepts this with regard to Nature, but not with regard to human society. Let's take Hayek's words at the beginning of The Fatal Conceit.
To understand our civilization, one must appreciate that [it] resulted not from human design or intention but spontaneously: it arose from unintentionally conforming to certain traditional and largely moral practices, many of which men tend to dislike, whose significance they usually fail to understand, whose validity they cannot prove, and which have nonetheless fairly rapidly spread by means of an evolutionary selection... of those groups that happened to follow them.
Our world is full of Fatal Conceits, of which the late lockdowns, the recent baby formula crisis, and the airline pilot shortage, and spiraling inflation are merely the ones we can see with our own eyes.
Another way of looking at it is to say that any number of things may go wrong for us humans. Obviously we can't prepare for all of them. And we can't decide which of them really will go wrong, and which we ought to prepare for. Because ten-to-one, the actual thing that goes wrong will be the thing we didn't think of. And all the preparations for the emergencies that didn't happen will probably have taken resources away from the effort to deal with the thing that actually did go wrong.
Another way of saying this is that humans have survived and flourished by adapting to changing conditions. When something goes wrong, we all pitch it to fix it. If we succeed, then we survive to live another day. If we don't succeed... Well, every story is a survivor story. The prisoners that died in the Kolyma goldfields, in the Holodomor, in the Great Leap Forward, in the dearth of 1789 in France: they are gone, and very few of their stories will be told.
For instance, my Dad left Russia in 1918 at the age of 16, just as the Bolshevik revolution was turning nasty. I wonder what happened to his school friends at the German speaking school he attended in St. Petersburg. My Dad's Russian mother escaped to England, and so did her sister. But what about their relatives?
There is a reason why most novels have a happy ending.