what is a liberal? they don’t like free markets

This is the sixth installment in my intermittent series of articles that answer the question ‘what is a liberal?’ The previous five articles are these:

What is a liberal? They hide from reality
What is a liberal? They’ll say anything
What is a liberal? They like diversity, sometimes
What is a liberal? They like to talk about greed, but want your money
What is a liberal? They believe in government

Free markets take different forms. This article focuses on free markets in economics, and free markets in politics and ideas.

Economics
Free market economic systems feature the laissez-faire principle, which prefers that only market forces set prices and wages, excluding non-market forces like taxes, subsidies, tariffs, regulations (other than protection from coercion and theft), or government-granted or coercive monopolies. Conservatives like free markets. Critics on the left argue that free economic markets are too susceptible to monopolies, economic inequality, market failures like bubbles and crashes, and externalities like environmental pollution.

There’s something else the liberals don’t like about free markets, and it’s usually unspoken. Who wins in a free market? Free markets are Darwinian, and liberals don’t like that. In a free market, the nice guys don’t always win. That’s a problem. Liberals want their favorites to win.

Politics and ideas
Democracy is a free market in politics. Whoever gets the most votes, wins. One danger with democracies is tyranny by the majority, or mob rule. Fear of mob rule is why the US constitution established a republican form of government, featuring separation of powers, and freedom of speech and press. For background, see The Federalist No. 10. Separation of powers prevents the majority from gaining too much power. Freedom of speech and press ensure that ideas and views unpopular with the majority can be heard, and influence the political process.

Liberals are conflicted about free speech and a free press. It’s a good thing when the right people are talking, and when they’re saying the right things, not so good otherwise. Which is why there’s so much upset about Fox News, and why we have episodes like Sen Dick Durbin’s (D – IL) attack on the American Legislative Exchange Council. Clearly, from Sen. Durbin’s point of view there is danger when businesses organize and start contacting legislators; and clearly, liberals loathe the idea of a differently-minded news source winning the ratings war against MSNBC and CNN.

Note that the cry to limit private spending on political campaigns comes from the left, at the same time that the left constantly pushes for bigger government.

The key is how the winners are determined. Are the winners actual ‘winners’, or are they chosen? If you control the economy, and if you control the flow of ideas, you can pick the winners. Liberals are smarter and better than the rest of us, and they know who the virtuous and deserving are. Liberals want to pick the winners.

Bottom line
Liberals don’t like free markets because in open competition their ‘good guys’ don’t always win.

The false appeal of the new

Pick a ‘great books’ list – any of the many – and look at the publication dates. For example, this one. Here is the top ten from that list, with the publication dates.

top books

Note that only three of the top ten books on this list are from the 20th century, and none are post-2000. On the other hand, there are over 60,000 new novels published each year. So, what are the odds that any of this year’s new books makes it onto anyone’s great books list? Clearly, the odds are: none.

Yet, hope abides. New books get attention. Look at the storefront of any bookstore, or the reading list of any book club. Here are the three most recent selections from a local book club.

book club

Note that each of these books was published within the last two years.

The same thing happens with film – the most modern art form. Here are the top ten ‘great films’ from the list on the web site IMDB:

book club

The newest film on the list is nearly twenty years old. Sources indicate around 700 films are released commercially each year. What are the odds that any of the 700 from any one year becomes a ‘great film’?

The same thing occurs in any creative field. Take music. There are probably around 20,000 new recordings released each year. How many of these will be remembered a year later? The 2014 Album of the Year award at the Grammys went to Daft Punk, for their recording ‘Random Access Memories’. A year earlier it was Mumford & Sons for ‘Babel’. Will anyone remember them 20 years from now?

I’m not criticizing current creative endeavor. There is no evidence that more or less good/great art is produced today than at any other time. My beef is with the love affair with NEW. I’m crying ‘fraud’ and saying that rather than listening to new music, reading new books, watching new films, our time is better spent with works from the past that are already reviewed, tested, and proven great.

I know most of you will ignore this and keep on rolling the dice, buying the new books…renting the new films; and thank you! After all, you are the patrons that fund the engine that grinds out all the new content. If that engine falters or slows, then there are no new great works of art. So, please, keep it up!

The bottom line
I encourage those of you who are more discriminating to resist the constant calls to look at all the new stuff. Relatively speaking, it’s junk. Instead, spend a little effort to find the great stuff from the past that’s already sitting there, waiting for you.

For the rest of you, thanks for funding the ‘new art’ lottery!

Promises

In the midst of all the back and forth of news on different issues, sometimes it’s good to go back and look at what was actually said – the solemn, ironclad, commitments and assurances.

Ukraine
Russia invaded Ukraine, much like Russia invaded Crimea. The west seems unwilling to help, just as we were unwilling to help Poland in 1939. Look back to promises made to Ukraine in December, 1994.

The UK Prime Minister and the Presidents of Ukraine, Russia, and the US signed memoranda committing their countries to support the territorial integrity of the new nation of Ukraine. These memoranda included the following statements, emphasis added by me:

Russia, the US and UK…

reaffirm their commitment to Ukraine, in accordance with the principles of the Final Act of the Conference on Security and Cooperation in Europe, to respect the independence and sovereignty and the existing borders of Ukraine…reaffirm their obligation to refrain from the threat or use of force against the territorial integrity or political independence of Ukraine, and that none of their weapons will ever be used against Ukraine except in self-defence or otherwise in accordance with the Charter of the United Nations…reaffirm their commitment to Ukraine, in accordance with the principles of the Final Act of the Conference on Security and Cooperation in Europe, to refrain from economic coercion designed to subordinate to their own interest the exercise by Ukraine of the rights inherent in its sovereignty and thus to secure advantages of any kind…

Iran
Regarding Iran, the Obama administration was as clear as clear could be in assuring Israel of its support, and promising that Iran will not be allowed to get nuclear weapons. ‘Period.’ Here are extracts from a statement by the US Ambassador to the United Nations, on March 2 of this year:

I am struck that when I read about alleged policy differences on the Iran nuclear negotiations, I rarely see mention of the foundational strategic agreement between the United States and Israel – an agreement that undergirds our entire engagement with Iran. The United States of America will not allow Iran to obtain a nuclear weapon. Period…
Now, let me put President Obama’s commitment to denying Iran a nuclear weapon in context…the President not only committed to denying Iran a nuclear weapon before negotiations with Iran began, he has reiterated the same commitment during negotiations, and he will keep his commitment whether negotiations collapse or produce a diplomatic solution that meets our bottom lines.
Maybe the President has made this point so often that it isn’t heard in the same way anymore, but we have to keep repeating it – talks, no talks, agreement, no agreement – the United States will take whatever steps are necessary … if diplomacy should fail, we know the stakes of a nuclear-armed Iran as well as everyone here. We will not let it happen.

The bottom line
In both cases, commitments are clearly in question. Ukraine’s sovereignty was violated, but the memoranda do not specify consequences. The administration’s promise to deny nuclear weapons to Iran still stands, and without time limits. Time will tell.