Tag: History

Inequality: Better to be Greek or Roman?

Oftentimes when we discuss whether or not economic inequality is justifiable, we have the tendency to consider only the most extreme form of the left wing position. The right often defends its model of the  market economy by comparing it to the old communist states, to the Soviet Union–countries in which everyone, at least in theory, had the same income. In places like the Soviet Union, incentives fell apart. If you will be paid the same amount no matter how much work you do, there is little reason to do additional work. The trouble is that this argument straw mans all left wing positions as strictly egalitarian. The left wing position need not be that societies should be perfectly economically equal, it need merely be that much of the economic inequality we see is superfluous and unnecessary. That is the argument I intend to make today.

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Niall Ferguson is Wrong about World War I

I ran across a piece in The Guardian in which Niall Ferguson, a British historian, made the increasingly popular argument that it was in the British national interest to avoid participating in World War I, that the decision to do so was a mistake. This argument, which I am seeing made all over the place in the popular press (as 2014 is the 100-year anniversary of the 1914 start of the war), is deeply misguided. I contend that it was an absolute strategic necessity that Britain enter the war to prevent Germany from defeating France. Here’s why.

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Resisting Stagnation and the New Dark Age

There’s a lot of talk lately by Summers, Krugman, and others that we may be in a period of secular stagnation, in which the rate at which the economy grows in the wealthiest countries falls substantially and permanently. Observing this, some are quick to point to demography as the cause. If populations are not growing as swiftly as they once did, it would indeed make sense that growth rates would fall. Under this thinking, slower growth isn’t a problem, because per capita growth is theoretically still strong–the economy is growing slower in aggregate, but it’s growing at the same speed relative to the size of the population. The trouble is that on further investigation, the demographic explanation does not sufficiently account for what’s going on. Not only are growth rates slowing, but per capita growth rates are slowing, and have been slowing for a while, beginning far before the recent economic crisis. This throws Kurzweil’s theory of accelerating returns into doubt, and undermines the central precept underlying our capitalist society–that the labors of this generation today are meant to make the next generation’s lives go better. If stagnation is the way of the future, it’s a much more serious problem than we presently recognize, one that ultimately threatens not merely our dreams of better lives for ourselves, but the very stability of our civilization.

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Glenn Beck’s Relativist Appeal to the Founders

Today I ran across a bizarre, fascinating tidbit from Glenn Beck in which Beck attempts to use moral relativism to defend the Tea Party view that we need to return to the principles of America’s founders. This is an interesting formulation of the position because it is so very different from what we usually see–here we have a conservative invoking moral relativism–and for that reason, I want to analyze it today.

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