Tags

, ,

Image

Welcome to the Paradise of the Real, by Kevin Williamson, offers a few simple thought experiments to demonstrate some economic fallacies to which progressives desperately cling. Putting such fallacies into action as policies often inures to the detriment of the presumed beneficiaries. Williamson does a nice job of covering the huge contributions of capitalism to human well-being. He also contrasts the “money” and the physical economies, and while I agree with many of his points, he seems confused about how to use the parlance of economics in this context. And he emphasizes differences in the economic philosophies of conservatives and progressives without recognizing that the intellectual development of noninterventionist governing philosophy owes a great deal to libertarians and very little to conservatives. Nevertheless, I enjoyed this essay. Here is a brief excerpt:

“Measured by practically any physical metric, from the quality of the food we eat to the health care we receive to the cars we drive and the houses we live in, Americans are not only wildly rich, but radically richer than we were 30 years ago, to say nothing of 50 or 75 years ago. And so is much of the rest of the world. That such progress is largely invisible to us is part of the genius of capitalism….”