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Kill All the Economics Departments
American Greatness via InstapunditWhen the pandemic ends, future generations will say of us now living: Why did the United States chain itself to a slave state, so as to strengthen the bonds of the supply chain? Why did our political parties finalize trade agreements with the Chinese Communist Party? Why did so many do so little for so long, while the sick died and the living could not bury the dead? These questions should cause us to question our beliefs about economics and our opinion of most economists, because no rational actor would risk his life by outsourcing the manufacture of life-saving drugs to a country with no respect for the dignity of human life. No person, except a lifeless corporation with the legal status of personhood, would call inefficiency evil but ignore calls to condemn the evildoers who run China with murderous efficiency. No reasonable person would argue that the road to freedom runs through Beijing’s Belt and Road Initiative. But no reasonable person would believe such things without first suspending disbelief, because for good people to accept the good intentions of Communists—that takes economics. It takes economists to ignore reality; it takes economics departments to teach history without studying geography, reducing the nature of the nation-state and life in a state of nature to a series of math problems; it takes a village of idiot savants to write like Lenin and sound like Lennon. It takes gall to say economics is a science. How many MBAs ever heard of "external diseconomies"? Posted by: g(r)omgoru 2020-05-22 |
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