Month: May 2022

Underwriters of the United States: How Insurance Shaped the American Founding (Hannah Farber)

A review by me of this book has been published in the outstanding quarterly American Affairs, to which everyone should subscribe. The first paragraph, and a link to the entire review, and the journal itself, can be found below. Property insurance is everywhere, but it is rarely prominent in the public mind. Its internal workings are obscure, full of technical language, esoteric customs, and mind-numbing legalese. Most people give it little thought beyond what is absolutely necessary. Nonetheless, as Hannah Farber’s Underwriters of the United States makes clear, property insurance is a powerful social force in any complex economy. And surprisingly, this excellent academic analysis of underwriting in the American shipping industry, up until 1860, has much to say about America today. Most of all, it makes us consider how corporate entities, and more generally concentrations of private wealth and power, can and should interact, and be permitted to interact, with the rest of the nation. . . . . Read more at American Affairs!

Roman Catholicism and Political Form (Carl Schmitt)

If, as Carl Schmitt asserted in Political Theology, “all significant concepts of the modern theory of the state are secularized theological concepts,” what does that imply for political forms? This book, written immediately after Political Theology, addresses that question. Schmitt analyzes a political form that originated as theological but has adopted many different secular roles—the Roman Catholic Church. I have to say that Roman Catholicism and Political Form, even by Schmittian standards, is a difficult read. Nonetheless, it rewards close attention and thought, because what Schmitt says is, as all things Schmitt are, surprisingly relevant to our situation today.

A Gallop in Ethiopia: Wax, Gold & the Abyssinian Pony (Yves-Marie Stranger)

It has been a long time, a millennium and a half, since Ethiopia was a relevant player on the world stage. But I sometimes wonder if, as the present age grinds to its stupid end, the time of Ethiopia, with its ancient, self-confident Christian civilization, has come round again. Out of the corner of my mind’s eye, I see the Ethiopians sweeping northwards to dominate the Middle East, then replacing much of what is left of the decayed Europeans, perhaps linking up with their Orthodox brethren, expelling the Turks, and returning most of Eurasia to the Christian fold, igniting a new syncretic civilization. Probably not, but why not? That’s what we’re going to explore today.

The Managerial Revolution: What is Happening in the World (James Burnham)

Who rules? That’s what we all want to know. The Managerial Revolution, James Burnham’s still-influential 1941 book (the subject, for example, of recent pieces by Aaron Renn and Julius Krein), gave that eternal question a fresh answer. Broadly speaking his was, we can see eighty years later, indisputably the correct analysis. Burnham agreed that capitalism, private enterprise as the engine of the ruling class, was dying, the usual opinion in that tumultuous time, but made the entirely new claim that what would replace it was not, as most assumed, socialism, but a new thing. Namely, the ascent of managers, a new ruling class, who would hugely expand government and use it to mold society into new forms for their own benefit.