Statism

So announces the cover of the July 2nd – 8th issue of the Economist.

I’m not privy to what angle the article or articles will take, but I presume the cover is referring to the retirement of NASA’s space shuttle program without a government replacement. But why need that mean the end of the space age?

[continue reading…]

It might be something like this fantastic new rap video produced by John Papola and Russ Roberts as part of their EconStories.tv project, “Fight of the Century: Keynes vs. Hayek Round Two“:

One of these days I’ll write an article on why fiction authors, especially science fiction authors (hellooo!), should study the “dismal science.”

[continue reading…]

If you enjoy dystopian fiction, and dystopias often provide great fodder for libertarians, be sure to keep an eye on Tor.com this week.

From the announcement:

“It was a bright cold day in April, and the clocks were striking thirteen.” —Nineteen Eighty-Four

Over sixty years later, 1984 has come and gone, but Orwell’s unsettling vision of the future continues to resonate throughout our culture, along with so many other great dystopian works of the last century, from Fahrenheit 451 toThe Hunger Games, Metropolis to Blade Runner, Harrison Bergeron to The Handmaid’s Tale…the list goes on and on and so, on this bright, not-so-cold day in April, we’re pleased to announce a weeklong celebration of a subgenre which has continually challenged the comfortable boundaries of our imaginations.

[continue reading…]

A few years ago in honor of Arthur C. Clarke’s then-recent birthday, I wrote on my own blog that he must never have read Ludwig von Mises and Murray Rothbard,

because according to this quote cited by Gregory Benford in his happy-birthday letter in Locus Magazine (January 2008), he claims that “there are some general laws governing scientific extrapolation, as there are not (pace Marx) in the case of politics and economics.” Well, far be it from me to disagree that Marx was wrong about a lot of things, but Clarke is wrong here. Sir Clarke, you may be 90 years old now, and happy birthday by the way, but it’s never too late to acquire a firm grasp of sound economic theory.

As disappointing as it is, it’s not surprising that he had a natural-scientistic bias against economics. Sadly, he died only a few months after my post.

In a more recent article in the Sri Lanka Guardian, more of Clarke’s economic ignorance is on display:

While researching for this article I came across a searing indictment by Clarke on the American capitalist system. After observing that the structure of American society may be unfitted for the effort that the conquest of space demands he continued, “No nation can afford to divert its ablest men into essentially non-creative and occasionally parasitic occupations such as law, insurance and banking”. He also referred to a photograph in Life Magazine showing 7,000 engineers massed behind a new model car they had produced as ‘a horrifying social document’. He was appalled by the squandering of technical manpower it represented. All this indeed makes one wonder whether he really was a closet socialist.

[continue reading…]

When you make predictions about the future, there is a good chance that you’ll be wrong. People have a tendency to grow attached to certain visions of the future and become so jaded by its failure to materialize that they are blind to the technological wonders that actually are materializing around them. Some even take this attitude to an extreme that resembles making the perfect the enemy of the good.”  They become so obsessed with their ideal vision of the future that they lose all other perspective; they look back and can evaluate what they already have only in light of this perfect vision, compared to which everything else is shit: worthless and unenjoyable. They can’t be happy with what they have now.

A recent xkcd comic illustrates these points well:

The flying car and the personal jetpack were popular dreamed-of products in the last century. I remember That 70’s Show episodes in which the father, Red Foreman, complained about lacking the flying cars that his generation had been promised and daydreamed about having a robot servant and a personal jetpack. There’s even a band called We Were Promised Jetpacks. Gizmodo has a list of 10 technologies we were promised and never got. As if to underscore my point and the xkcd comic, the title of the post is 100 Years of Failure.

[continue reading…]

With great solemnity, “Defense” Secretary Robert Gates imparted on West Point cadets this Friday a hard-earned pearl of newly discovered wisdom:

“In my opinion, any future defense secretary who advises the president to again send a big American land army into Asia or into the Middle East or Africa should ‘have his head examined,’ as General MacArthur so delicately put it,” Mr. Gates told an assembly of Army cadets here.

In other words, “Never get involved in a land war in Asia.”

Sounds like good advi… Wait,what? Not everyone knows this already? Inconceivable!

Any culturally literate person has seen The Princess Bride at least once in the last 24 years¹ and certainly knows about the most famous classic blunder:

[continue reading…]

1. The novel by William Goldman was published over a decade earlier in 1973. But I imagine this bit of wisdom goes back much further. ↩