States have power based on multiple factors, including natural resources, technology, and the strength of government capacity. As the global system develops and evolves, demands for certain resources move around, and globalised supply chains in the past twenty to thirty years have had the effect of distributing wealth less unequally. Thus we have had the paradox of inequality: that the extremely rich have disappeared into the distance, while the wealth generating capacity of the not-rich has increased significantly. Alternately put – the middle classes continue to grow. There are shifts occurring in relative power, as in general relative wealth moves from west to east, and in particular from the US and Europe to China. How are these shifts impacting geopolitics and decision making, in, for example, the cases of America and the United Kingdom?Continue reading “The Dynamics of Power Decline”
Later this week I’m speaking to the UCC conference on Eco-cosmology, Sustainability and a Spirit of Resilience, on the subject of ‘Machine Generated Illusions of Intimacy’, about the challenges of modernity and computational epistemology. Here’s a sneak peak.
In trying to construct a progressive, positive view of the future, and design political structures that facilitate such outcomes, there are many ideas. These are the ideas of political philosophy, but they are also the ideas of sociology, economics, psychology, art and literature. When we think of writers like Karl Marx, Ayn Rand, Sigmund Freud, James Joyce – all of them could in some sense be considered to have made significant contributions in several of those fields. My own attempts to understand State Legitimacy, how the state’s claim to legitimacy can be established and maintained, is in truth a combination of those things as well. Ultimately, all of these pursuits fall back on critical theory: that field of study that attempts to understand who we are as peoples, as cultures. The Italian Futurists, from the first half of the twentieth century, and the (new) accelerationists, from the first fifteen or so years of the twenty-first century, each had a vision. And each was in some ways nasty.Continue reading “Beautiful Ideas Which Kill: Accelerationism, Futurism and Bewilderment”
How do markets optimise the delivery of social services and social welfare? This question surfaces many of the challenges for the Austrian School, the philosophy that free markets and the price mechanism can do a remarkable job in managing people and their behaviour. While initially Friedrich Hayek’s theorising argued that the role of the State should be minimal, he ultimately conceded that some State regulation was required in order to maintain markets, and some other functions. For example, ‘[t]o prohibit the use of certain poisonous substances, or to require special precautions in their use, to limit working hours or to require certain sanitary arrangements, is fully compatible with the preservation of competition. The only question here is whether in the particular instance the advantages gained are greater than the social costs they impose.’ (The Road to Serfdom, p.38/9) The ultimate question of Hayekian liberalism is how much does the government have to interfere? What is the minimum possible function of government? Continue reading “Hayek, The Busted Flush: Economic Value, Marketisation, and Social Justice”
Since the second world war, our politics has become increasingly distant from people. Voter participation has declined, distrust in politicians has grown, and corruption perceptions have increased in many jurisdictions. Inequality has accelerated as those with the highest wealth and income acquire ever greater resources – far more than they can reasonably consume – while those at the other end of the economic spectrum see their lot diminish. The relationships between commerce and politics have deepened as free market policies have governed national policy in western liberal democracies across the range of services, from social welfare and healthcare to infrastructure and defence. These institutions, invested with authority and legitimacy by democratic processes, appear foreign to the people they claim to serve; their values – of costs, efficiencies, and performance – seem distant from their clients. These institutions often instil fear, driven as they are by objectives of enforcement, compliance, and law.
I’ve long had an idea about the curved nature of things, the non-binary natural order. This is not the same as relativism versus absolutism, which is one sense a binary opposition in itself; rather, it is a straight acknowledgement that truth is never fully observable, that is it at least always subjective, and that even in the subjective moment it is mutable. What I see may not be what you see; and what I see is inconstant. Time impacts on that observation such that its character is unstable. Take pain and pleasure, for example. While on the one hand some people take a kind of satisfaction from pain, and are attracted to it, whether physical or emotional, so too others recoil from pleasure, perhaps based on guilt, or other psychological alignments. Still further, the same act – a touch – can bring immediate pleasure, while the same act, more forcefully applied, can either increase the pleasure or turn at some point to pain. Continue reading “Snippet: Fuzzy, Uncertain Nature”
In reading several articles on Friedrich Hayek recently, two words kept coming to mind: absolutism and elegance. Hayek appears to my inexpert reading to have been a highly scientific thinker, one with a good degree of faith in the scientific method. Attached to this is a consciousness of the sublime, a sense that there is a truth to be found in thought, an awareness of a tangible human goal of understanding. There is, in other words, a destination for our species. Continue reading “Hayek’s Absolutism”