All posts filed under: Political Economy

American Genesis: A Century of Invention and Technological Enthusiasm (Thomas P. Hughes)

American Genesis is a cultural history of the grand century of American technology, from 1870 to 1970. Thomas Hughes published his book in 1989, when Americans believed that the grandeur of American technological achievement had matured into something less flashy, yet more durable and equally pregnant with accomplishment. Hughes linked a valedictory history of early inventors with a narrative of those inventions becoming embedded in vastly greater systems, which appeared to offer continued technological progress. But 1989 was a long time ago, and as it has turned out, we have been left with the worst of both worlds. We lack new and beneficial world-changing technologies, and the massive systems, supercharged by the internet, dominate and dehumanize our lives in ways previously unimaginable. It may not be American Terminus, yet, but finding a new path is necessary to recapture the now-cobwebbed spirit of enthusiastic achievement this book chronicles.

Dignity: Seeking Respect in Back Row America (Chris Arnade)

Last year, I went to the State Fair, and simply sat and watched the people pass by. The vast majority were lower class, and looked it. I tried, for a change, to ignore the externals and imagine myself conversing with individuals with whom, to an outside observer, I have nothing in common. Chris Arnade wrote Dignity to document a similar exercise, though one far more in-depth. He travelled the country, talking to many people from the lower classes, what he calls the “back row.” Then he wrote up what he had learned, and added a great deal by filling the book with pictures, so that the reader can perform the same exercise I did at the State Fair, and ponder respect and the back row in today’s society.

The Social Media Upheaval (Glenn Harlan Reynolds)

Glenn Reynolds, the famous “Instapundit” and a law professor at the University of Tennessee, offers a short book about social media and the problems it brings. He frames his analysis and argument as a parallel to James C. Scott’s Against the Grain, which valorizes Mesopotamian hunter-gatherers. Reynolds’s point is that just as when hunter-gatherers became city dwellers they also became more susceptible to disease, so when we submitted ourselves to living on social media, we also became more susceptible to disease. That is, to diseases of the mind, and he offers some possible cures and vaccines.

The War on Normal People: The Truth About America’s Disappearing Jobs and Why Universal Basic Income Is Our Future (Andrew Yang)

Just in time for the first Democratic presidential debates, I have finished candidate Andrew Yang’s manifesto, The War on Normal People. From its title, which subversively suggests there is such a thing as normality, you can tell that Yang is trying to be different. From its subtitle, you can learn of Yang’s core big idea, universal basic income, UBI. I was prepared to be unimpressed, but really, the book is well written, and UBI, as Yang explains it, has a certain attraction, even though it’s utterly unachievable in a democratic system. In the coming less-democratic system, however, maybe there is something here we can use, and at least Yang is offering something new, which may get him traction in the Democratic field.

Hired: Undercover in Low-Wage Britain (James Bloodworth)

James Bloodworth, an English sometime Trotskyite, has written a book which combines the television series Undercover Boss and George Orwell’s Down and Out in Paris and London. He took jobs in a variety of low-wage, low-security occupations to get first-hand knowledge about what it is like today to be a member of the largely invisible British working class. Bloodworth’s resulting argument is that a pernicious marriage of portions of the political Left and Right has destroyed the dignity of the British working class, with fatal consequence for that class, and deleterious consequences for all of society. Hired is a powerful book that has key implications for possible political realignment.

A Short History of Man: Progress and Decline (Hans-Hermann Hoppe)

Hans-Hermann Hoppe!, they cried. Hans-Hermann Hoppe! They told me that if I read his books, it would change my life. This is not the first time I have heard that promise; it has been made to me of many books, from Frédéric Bastiat’s The Law to Ayn Rand’s Atlas Shrugged. The promise has always failed me, but each fresh tomorrow brings the possibility that next time, it will not. Thus, I read this book, which aspires to give the history of man in one hundred and fifty pages, as an introduction to Hoppe’s thought. It was interesting enough, but I have gone away sad, for that looked-for tomorrow is not today.

Cræft: An Inquiry Into the Origins and True Meaning of Traditional Crafts (Alexander Langlands)

Man’s search for meaning is, in these days of alienation and anomie, always a topic that can generate interest. Meaning at its most concrete is tied to the things of Earth, to the nature of man and the world of nature. Thus, if man becomes wholly dissociated from Earth, bad things result. This, in a nutshell, is the message of not a few modern prophets, and among them is Alexander Langlands, offering a specifically British variation on the theme.

The Myth of Capitalism: Monopolies and the Death of Competition (Jonathan Tepper)

The death of the free market at the hands of monopoly has gotten a lot of recent attention. By far the best book about this problem is Tim Wu’s The Curse of Bigness, which through a “neo-Brandeisian” lens focuses on how monopoly destroys the core frameworks of a free society. This book, The Myth of Capitalism, comes to much the same conclusion from a more visceral starting place—why have wages stagnated even though the labor market is tight and corporate profits are soaring? The answer is corporate concentration, and Jonathan Tepper is, like Wu, offering concrete solutions.

Empty Planet: The Shock of Global Population Decline (Darrell Bricker and John Ibbitson)

Anybody who has been paying attention has long grasped the truth: underpopulation, not overpopulation, is our problem. This will soon be true on a global scale, it is already true in most of the developed world. Empty Planet explains why this is undeniably so. Unfortunately, the explanation is shrouded in confusion and ideological distortion, so the authors are never able to provide a clear message. Instead, they offer rambling, contradictory bromides combined with dumb “solutions” until the reader throws his hands up in despair, as I did. But then I got a stiff drink, finished the book, and now am ready to tell you about it.

A Humane Economy: The Social Framework of the Free Market (Wilhelm Röpke)

This classic book, by a long-dead and almost-forgotten German economist, is suddenly relevant again. I have had a copy on my bookshelf for thirty years, never read, and I was startled by how timely A Humane Economy is. Today, elements of Left and Right are ganging up to kick neoliberalism when it’s down, aiming to break the long-dominant alliance between the corporatist Left and Right, and thereby to overturn the instrumentalist view of humans as fodder for an economic machine. We are simply awaiting the next crisis to see what will emerge. Wilhelm Röpke foresaw the problems we face today, because he lived through their early days—though I am not sure his solutions are practical, at least until a lot more chaos first sweeps across the land.