The Idle Rich and the Working Stiff: Nietzche von Hayek on Capital v. Labor

Nietzsche, Human, All Too Human: Culture and caste.—A higher culture can come into existence only when there are two different castes in society: that of the workers and that of the idle, of those capable of true leisure; or, expressed more vigorously: the caste compelled to work and the caste that works if it wants to….the caste of the idle is the more capable of suffering and suffers more, its enjoyment of existence is less, its task heavier. (§439) … My utopia.—In a better ordering of society the heavy work and exigencies of life will be apportioned to him who suffers least as a consequence of them, that is to say to the most insensible, and thus step by step […]

Nietzsche and the Marginals, again

Menger, Principles of Economics: Utility is the capacity of a thing to serve for the satisfaction of human needs…Our needs, at any rate in part, at least as concerns their origins, depend upon our wills or on our habits. (119) Nietzsche, The Gay Science: Need.—Need is considered the cause why something came to be; but in truth it is often merely an effect of what has come to be. (§205, p. 207) For earlier posts on the connections between Nietzsche and marginalism, and the philosophical dimensions of economic things more generally, see this, this, this, this, this, this, and this.

The Lady’s Not for Turning

If you want to get a sense of why conservatives in Britain revere Margaret Thatcher, check out this clip of her famous “You turn if you want to, the lady’s not for turning” speech at the Conservative Party Conference in October 1980. The context: in the early 1970s, Tory MP Edward Heath was facing high unemployment and massive trade union unrest. Having come into office on a promise to break with the Keynesian consensus of the postwar era, he was forced to reverse course. Instead of austerity, he pumped money into the economy via increases in pensions and benefits and tax cuts. That shift in policy came to be called the “U-Turn.” Fast forward to 1980: Thatcher had been in […]

Highlights from Jacobin

The latest issue of Jacobin is now online, and it’s fantastic. Before I give you some highlights, let me make a pitch: subscribe or donate to Jacobin. I’m a contributing editor, so I’m biased. But I know I’m not alone in saying it’s one of the newest, freshest magazines around. It was founded by an undergrad in his dorm room (seriously). But, hey, Trotsky was 25 (or 26?) when he led the St. Petersburg Soviet in 1905 and Martin Luther King was 26 (or 25?) when he led the Montgomery Bus Boycott. So who knows where this can go? In any event, subscribe, donate, help out. I’ve got a piece in the new issue on the politics of national security.  […]

Conservatives: Who’s Your Daddy?

In his column this morning, David Brooks has a roundup of young conservative voices we should be listening to. He divides them into four groups: paleoconservatives, lower-middle reformists, soft libertarians, and Burkean revivalists. I want to focus on the last, for as is so often the case with Brooks, he gets it wrong—but in revealing ways. Burkean Revivalists. This group includes young conservatives whose intellectual roots go back to the organic vision of society described best by Edmund Burke but who are still deeply enmeshed in current policy debates. Yuval Levin, the editor of National Affairs is one of the two or three most influential young writers in politics today. He argues that we are now witnessing the fiscal crisis […]

American Feudalism: It’s Not Just a Metaphor

As many of you know, I’ve been calling our contemporary political order feudal for quite some time. But this post from the Roosevelt Institute’s Tim Price (h/t Alex Gourevitch) really blew my mind: That could soon be the law of the land in Pennsylvania, where the state legislature has passed a bill that would, as Philadelphia City Paper blogger Daniel Denvir describes it, “allow companies that hire at least 250 new workers in the state to keep 95-percent of the workers’ withheld income tax.” These workers will essentially be paying their employers for the privilege of having a job. Some have called this“corporate socialism,” but it also calls to mind an even older economic model that was once popular in […]

We’re Going To Tax Their Ass Off!

This past Sunday, I appeared on Up With Chris Hayes, where I spoke briefly about the rise of austerity politics in the Democratic Party (begin video at 2:13). My comments were sparked by Bruce Bartlett’s terrific piece “‘Starve the Beast’: Origins and Development of a Budgetary Metaphor” in the Summer 2007 issue of The Independent Review. Barlett is a longtime observer of the Republican Party, from without and within. He was a staffer for Ron Paul and Jack Kemp, as well as a policy adviser to Ronald Reagan and a Treasury official under George HW Bush.  Now he’s a critic of the GOP, writing sharp commentary at the New York Times and the Financial Times. He and I have argued about […]

Friedrich Del Mar*: More on Hayek, Pinochet, and Chile

In my first post about Hayek and Pinochet, I quoted a statement that I had written in the Nation in 2009 and had repeated in my book The Reactionary Mind: Hayek admired Pinochet’s Chile so much that he decided to hold a meeting of his Mont Pelerin Society in Viña del Mar, the seaside resort where the coup against Allende was planned. The Mont Pelerin Society (MPS) was a group of intellectuals and activists that Hayek helped found after World War II to advance the cause of the free market. In recent years, it has become the subject of some great new scholarship; judging by the fall catalogs it looks likely to be an even hotter topic in the future. […]

Hayek von Pinochet

It’s no secret that Friedrich von Hayek was a warm supporter of Augusto Pinochet’s bloody regime. As I wrote in The Nation a few years back: Hayek admired Pinochet’s Chile so much that he decided to hold a meeting of his Mont Pelerin Society in Viña del Mar, the seaside resort where the coup against Allende was planned. In 1978 he wrote to the London Times that he had “not been able to find a single person even in much maligned Chile who did not agree that personal freedom was much greater under Pinochet than it had been under Allende.” Greg Grandin, Naomi Klein, Brad DeLong, John Quiggin (twice), and Michael Lind also have written about the Hayek-Pinochet connection. By […]

Wisconsin: WTF? A Facebook Roundtable on Labor, the Democrats, and Why Everything Sucks

The defeat of the recall effort in Wisconsin has, understandably, troubled the waters on the left. Everyone from Ezra Klein to Doug Henwood to Josh Eidelson is trying to figure out what it means. I’ve been doing the same, though I’m still not sure. So I put the question to my Facebook friends.  Lots of folks participated in the discussion: bloggers like Aaron Bady and Seth Ackerman, political scientists like Scott Lemieux and Alan Ryan, journalists like Doug, and labor experts like Gordon Lafer, Stephanie Luce, and Nathan Newman. The discussion was kicked off by my posting Klein’s observations on FB, and everyone took it from there. • • • • • • Corey Robin Here are some sobering thoughts […]

Careerism: Prolegomena to a Political Theory

Someone recently tweeted this article on Hannah Arendt that I wrote in the London Review of Books many moons ago.  Re-reading it, I was reminded of this closing passage on careerism. I’ve long wanted to write two books of political theory: one on careerism and the other on collaboration. Both are topics that don’t get much, if any, treatment in contemporary theory. Yet both have been central pillars of modern political life. Alas, it doesn’t look like I’ll get to these books any time soon.  So in the meantime, there’s this: The main reason for the contemporary evasion of Arendt’s critique of careerism, however, is that addressing it would force a confrontation with the dominant ethos of our time. In […]

In Which I Rain on Everyone’s Cory Booker Parade

Everyone’s giddy about Newark Mayor Cory Booker’s rescue of a neighbor last night from her burning house. The Twitterati are calling him a superhero and comparing him to the Seal team that killed Osama bin Laden. If Cory Booker hadn’t come along, Aaron Sorkin would have to invent him. This isn’t the first time that Booker has rushed to a scene of hazard and saved the day: during a blizzard two winters ago, he was out there shoveling snow, getting praise for doing the things we expect city workers, and not mayors, to do. Booker, in fact, admits he has no training in firefighting or rescue, and the director of the Newark Fire Department made a special point of noting […]

Black Money: On Marxism and Corruption

En route with my daughter to the Purim Carnival, I stopped at my friends Greg and Manu‘s house. Manu’s mother Toshi is visiting from India, and we got to talking about corruption scandals there. Specifically, what people do with money they’ve gotten illegally. Toshi called it “black money”—a phrase I hadn’t heard before. Turns out, it’s a fairly common term.  Here’s one definition: Proceeds, usually received in cash, from underground economic activity. Black money is earned through illegal activity and, as such, is not taxed. Recipients of black money must hide it, spend it only in the underground economy, or attempt to give it the appearance of legitimacy through illegal money laundering. Talking about the kind of hoarding people engage […]

Probing Tyler Cowen, or: When Libertarians Get Medieval on Your Vagina

In case you were wondering why I spent so much time nattering on about Ludwig von Mises’s retrograde views of women—and a great many libertarians did—here’s why: Those views haven’t gone away. Responding to the Virginia legislation that requires all women seeking an abortion to get an ultrasound—as Dahlia Lithwick points out, because most abortions occur in the first 12 weeks of a pregnancy, most of the women affected by this bill would be forced to have a probe stuck up their vaginas, as that’s how ultrasounds in the first trimester are done—libertarian luminary Tyler Cowen tweeted the following: All of a sudden requiring consumers to be informed is extremely unpopular on the “pro-regulation side.” Is Cowen serious? If he […]

Fight Club, or That’s the Year That Was

I only began blogging in June. But because so many of my readers are new to the blog and we’re approaching the end of the year, I thought it might be fun to review some of the blog’s greatest hits. Traffic to the blog has been growing steadily every month, with the blog on some days getting nearly 6,000 hits. My two most popular posts, by far, were this roundtable on the Obama presidency from August and my recent take on Christopher Hitchens.  My personal favorite, which hasn’t generated nearly as much traffic, was this discussion of Ross Douthat’s views on sex. In general, though, what seems to generate the most traffic are the periodic arguments I get into with […]

Melissa Harris-Perry: Psychologist to the Stars

Wow, this piece from Melissa Harris-Perry is one of the more fact-free assessments of the relationship between Obama and the liberal-left that I’ve seen. Harris-Perry contends that “a more insidious form of racism” than the traditional kind may explain white liberal dissatisfaction with Obama. Where white liberals presumably gave the much less effective Clinton a pass in 1996, Harris-Perry anticipates a defection among those very same voters in 2012. Why? Because they’ll act on their alleged “tendency…to hold African-American leaders to a higher standard than their white counterparts.”  The next election, she claims, “may be a test of another form of electoral racism.” If old-fashioned electoral racism is the absolute unwillingness to vote for a black candidate, then liberal electoral […]

Obama: WTF? A Facebook Roundtable of the Left

This morning, my Facebook page exploded. It all started when I posted this excellent piece by Glenn Greenwald about Obama and the debt-ceiling deal. Greenwald says that those who think Obama is weak and lacks backbone, or that he got suckered by the Republicans or is somehow being held hostage, are full of shit.  With a few exceptions, Obama got what he wanted. Greenwald has a lot of evidence to back up his claims, but I wasn’t entirely convinced. So I put the question to my FB friends.  Is Obama politically inept or does he want these massive cuts? And if he wants them, is it because of political calculation? Is he a true believer in neoliberal economics? A hostage […]

Doug Henwood: His Taste in Music is a Little Doctrinaire, but His Economics is Outta Sight

Those of you following this discussion between me, Matt Yglesias, and Mike Konczal, need to check out this post from Doug Henwood. It not only cuts through a lot of the fat, but it also takes us in a completely different, unexpected, and difficult direction, raising fascinating questions about the petit bourgeois origins and dimensions of the politics of inflation.  Doug is my rabbi in all things economic (though, sadly, we part ways on matters musical).  Check it out, comment there, here, everywhere. To my astonishment, this debate, or a spin-off of this debate, seems to have been kicked upstairs.  Way upstairs.  As in Paul Krugman and Brad DeLong upstairs. Update (July 18, 12:30 pm) And now the boys—and, seriously, […]