I was talking to a friend yesterday. He’s a smart guy. We almost never talk about politics, however; but the subject came up. And he mentioned that he was a centrist. He made what is, in some contexts, a valid point: that extremism in political ideology leads to catastrophe. But he mentioned Republicans, Democrats, and Libertarians. (He was most critical of the last.) But that’s a shockingly small Overton window. What about communists and fascists? What about the only political group I know of that takes our economic system seriously: Marxists.
From a more practical standpoint, did the Democratic Party having complete control of Washington really lead to catastrophe? The country barely changed. Was that extremism?!
I see the situation totally different. The libertarians are irrelevant — except that they give intellectual credibility to the others. The Democrats are a center, even center-right, party in a global perspective. And the Republicans are proto-fascists. A centrist should love Barack Obama, and actually, I believe my friend does. It isn’t my intention to indict him. Indeed, he is in favor of Universal Basic Income.
What’s Water
But his extremely limited notion of the political landscape is what pretty much everyone shares in America. Let me illustrate with a story that David Foster Wallace famously told in his commencement speech, “This Is Water.” (I’m sure most people have heard the story at one point or another in their lives):
To me, capitalism is the water that we swim in. And I find it really frustrating that most people can’t see it.
Oh sure: they know the word. They think it is shorthand for freedom and democracy. The slightly more sophisticated think that it is about economic markets and the profit motive. Capitalism is none of these things. And the way that capitalism normally operates, it is the enemy of these things.
Marxists Understand Capitalism
When I was a libertarian, I was struck by the fact that it was only when I talked to Marxists that I found people who seemed to understand capitalism. Of course, I thought they were wrong in their analysis, but they understood what it was. I thought that I was very knowledgeable, of course; I thought I understood capitalism too. But the truth is that I didn’t. Because, while they saw the water, I didn’t. My study of intro economics in college, if anything, made it harder to see the water.
Capitalism is a system where ownership entitles you to profit. And I’m not talking hammers here. It’s not a question of using capital to build things. It is rather more like the fallow land across the street from me. Someone could be farming it, but instead, it is just being held by someone who inherited it, waiting until the city expands to the point where they can sell it to someone else who will build condos.
See the Water
Now, I understand the arguments in favor capitalism. And I’m not completely against it. But unlike the average American who thinks they are centrists because they don’t see the economic waters they swim in, I side with the Marxists. They see the water. And that means they are able to see beyond the water.
Each year, roughly a third of our income comes not from creating things but from owning things. A third! That’s capitalism. That’s water.
You don’t have to agree with my beliefs about capitalism. But things will only get worse as long as you don’t see that capitalism is a choice that is mandated by the government. There’s nothing natural about it. Rape, theft, and murder are natural. Getting thrown in jail for trespass is not.
Be like the Marxists to the extent that you see the water. Then we all might be able to make some progress.
As of today, six GOP Senators have signaled real reservations. There are 52 GOP senators, so if they lose only three, repeal-and-delay would go down to defeat — meaning, in Bloomberg’s words, that right now, there are “more than enough” senators expressing doubt to “scuttle efforts to deliver swiftly on a central promise from President-elect Donald Trump.”
Yesterday, we had a service for my brother Eric “Randy” Shultz, who died on 21 December 2016 at the age of 59. We did it at his conservative Baptist church. And I thought it was perfect — for Eric. It actually annoyed me a great deal. But before I get to the Snake Oil aspect of the whole thing, let me tell you something a bit more personal about the Good Christians™ who spoke at the service.
Existential is a big word… I would use the word “historical.” It’s simpler. But the Democratic Party has been changing for a long time, and by the way, this is important when you’re talking about where they’re going to go because historical changes don’t just happen on a dime. They don’t just happen overnight. But the party that I grew up with and that I remember from the 1970s — Democrats have been drifting away from that for a very long time. And Hillary Clinton — Neera [Tanden] is absolutely right. On paper, she looked really excellent. The things she was saying were the right things to be saying, and she wasn’t able to make that sale.
For seven years now, the mantra “repeal Obamacare” has been both a spasm of revanchist rage and a cynical ploy to keep a segment of the electorate motivated to vote for Republicans. It was also frequently deployed in the belief that the GOP would not be thrust into a position in which those voters could expect them to make good on the promise.
The official line from US-based multinational corporations is that if they get a huge tax break, they’ll bring home the trillions of dollars in profits they’ve stashed overseas and use it to hire tons of Americans. (Nearly 3 million, says the US Chamber of Commerce!)
I am one of the easiest and yet hardest people to give gifts to. On one hand I love books so you would think, “Easy, I will just get her a book.” Then you realise you have no idea what books I happen to have. Even having a
I’ve known the Nine Inch Nails song “Hurt” for a very time. But I seldom pay attention to lyrics of a song that I hear casually. Today, I looked them up. It’s pretty good. I like the connection of self-mutilation (“I hurt myself today, to see if I still feel”) and heroin use (“The needle tears a hole… Try to kill it all away”). I’m not so fond of the externalization of the self (“What have I become, my sweetest friend”). But that’s a choice, and very typical of the genre.
Matt Bruenig is back in the land on the public intellectual,
Breaking the taxi industry cartel’s and promoting Uber has been somewhat of a cause célèbre among economists in recent years. Any card carrying economist can give you the two minute tirade on the evils of the taxi cartel and the benefits of Uber…