An Interesting “Collapse” Hypothetical

Dr. Paul Craig Roberts, the famous Reagan administration economist and now an embittered and cranky paleoconservative social critic, penned a short but intriguing American “collapse” scenario set in the near future. Some of what Roberts writes fits neatly with the thesis in Joseph Tainter’s The Collapse of Complex Societies:

The Year America Dissolved

….As society broke down, the police became warlords. The state police broke apart, and the officers were subsumed into the local forces of their communities. The newly formed tribes expanded to encompass the relatives and friends of the police.
 
The dollar had collapsed as world reserve currency in 2012 when the worsening economic depression made it clear to Washington’s creditors that the federal budget deficit was too large to be financed except by the printing of money. With the dollar’s demise, import prices skyrocketed. As Americans were unable to afford foreign-made goods, the transnational corporations that were producing offshore for US markets were bankrupted, further eroding the government’s revenue base.
 

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Mini-Book Review — Ridley — The Rational Optimist

Ridley, Matt, The Rational Optimist: How Prosperity Evolves, Harper Collins, New York, 2010. 438 pp.

Matt Ridley is a well-known British science writer who, in recent years, has specialized in writing books for the general public on new research in biology … evolutionary biology, genomics, plus a biography of Francis Crick, co-discoverer of DNA.

For well over a decade I’ve enjoyed his books and been very impressed with the quality of his writing, so “on spec” I put a library hold on Ridley’s latest without paying much attention to what it was about. That decision turned out to be a wonderful piece of serendipity. I’ve been reading about European “trading republics” (ancient and modern) for a few years, and trying to assemble an amateur theory about how economic dynamism and technological innovation follow, or are reinforced by, republican values. Whether Athens, Rome, Venice, Genoa, Antwerp, Amsterdam, London, Liverpool, Glasgow, Boston, or New York and Montreal, trade under republican regimes creates massive relative wealth and huge leaps in human knowledge and standards of living.

Now Matt Ridley looks at the innate human capacity for “exchange” … and how that unique capacity affected the course of prehistory, the introduction of agriculture and “civilization,” and more latterly, the shape of the industrial revolution and the modern world. Underlying the politics of republicanism, and individual freedom, we can see the human appetite for exchange creates persistent economic advantage. Trade flows from comparative advantage, in the words of David Ricardo, and comparative advantage relentlessly rewards more specialized use of the natural environment … from the labor of humans carrying sea shells inland for trade 80,000 years ago, to the labor of domesticated horse and sheep and dogs largely for human benefit, to the use of vast quantities of ancient vegetable matter (in the form of petrochemicals), to extend the efforts of humans out of all proportion. Our species is most prosperous when most specialized, when most dependent on the differentiated talents of thousands of others. We now can live lives like the Sun King, without a retinue of thousands.

In this book I have tried to build on both Adam Smith and Charles Darwin: to interpret human society as the product of a long history of what the philosopher Dan Dennett calls ‘bubble-up’ evolution through natural selection among cultural rather than genetic variations, and as an emergent order generated by an invisible hand of individual transactions, not the product of a top-down determinism. I have tried to show that, just as sex made biological evolution cumulative, so exchange made cultural evolution cumulative and intelligence collective, and that there is therefore an inexorable tide in the affairs of men and women discernible beneath the chaos of their actions. A flood tide, not an ebb tide. p. 350

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Self Reliance

Emerson can lead to naval-gazing and even solipsism. Googling one of his aphorisms, I find powerpoints from assertiveness training and slick empowerment seminars. Sure, that is true; as I’ve gotten older I sometimes have less patience with that cheerful old group. Still, reviewing Robert Richardson’s Henry Thoreau: A Life of the Mind, I was struck by his summary of the ideas Thoreau found so congenial in Emerson. And it reminded me that felicity may be the most reliable and most important consequence of a restrained but dominant individualism (and its byproducts) – and the first victim of policies now being contested:

The danger in setting society at a higher value than the individual, the trouble with encouraging people to identify themselves primarily with some group, was that it then became easy to transfer the blame for one’s own shortcomings to that group. If one looked to society for one’s identity and one’s satisfactions, then surely society should be held accountable for one’s dissatisfactions, lack of identity, alienation. Emerson had already set himself against this view, and Thoreau was now thinking along the same line. (34)

Airbrushing history

A new museum of World War II is opening in London. Some anonymous nanny stater has taken the liberty of airbrushing the cigar from Winston Churchill’s mouth.

nonsmoke

It isn’t even a very good job as the whole lower left side of his face is distorted. The museum directors say they don’t know who did it. It is a mystery but not surprising.

The FDR Memorial that was put up in Washington a few years ago, does not show FDR with his cigarette holder that was so characteristic of him in public. I gave a cigarette holder like that to my grandfather when I was a child. He loved it because it made him look like FDR.

The FDR Memorial shows something that was never seen in public when he was alive. He is shown in a wheelchair. He would never have allowed that but the modern nannies have to draw the last drop of sanctimonious pap from the scene.

Thus goes the slow decline of common sense and reality in our lives and those of our friends.

And What is an Educated Man?

Many (Foster here, Instapundit) have argued education is a “bubble” a good oversold and overpriced. Like most “bubbles”, this has begun with a good our founders understood only a literate society could successfully manage a democracy; a sense of history and perspective equips us against a demagogue. Education gives a longer perspective, so we are less likely to sell our birthrights for a mess of pottage. Universal, public education is necessary for a meritocracy.

But, like many large problems, this one is overdetermined.

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