Saturday, June 14, 2025
No Result
View All Result
The Financial Observer
  • Home
  • Business
  • Economy
  • Stocks
  • Markets
  • Investing
  • Crypto
  • PF
  • Startups
  • Forex
  • Fintech
  • Real Estate
  • Analysis
  • Home
  • Business
  • Economy
  • Stocks
  • Markets
  • Investing
  • Crypto
  • PF
  • Startups
  • Forex
  • Fintech
  • Real Estate
  • Analysis
No Result
View All Result
The Financial Observer
No Result
View All Result
Home Economy

Review of the Strong Gods II: Big Picture Problems

Review of the Strong Gods II: Big Picture Problems
Share on FacebookShare on Twitter


Regardless that I just like the broad brush-strokes of Reno’s concepts, as I discussed in my earlier publish, I believe there are vital factors the place Reno goes mistaken.

To begin with, whereas Reno (to his credit score) acknowledges that the banishing of the sturdy gods was motivated for good causes, and in response to actual horrors, he usually appears solely too blasé in regards to the prospect of such horrors returning. He argues that persons are too centered on the issues of the previous, and talks as if these issues are merely behind us:

Our societies will not be gathering themselves into plenty marching in lockstep. Central planners don’t clog our economies. There is no such thing as a longer an overbearing bourgeois tradition bent on “exclusion.” Bull Conner isn’t commissioner of public security in Birmingham.

In a while in his guide he reiterates his declare that these considerations are misplaced, or a minimum of given an undue stage of focus:

However we’re not dwelling in 1945. Our societies will not be threatened by paramilitary organizations dedicated to highly effective ideologies. We don’t face a totalitarian adversary with world-conquering ambitions.

In equity to Reno, he wrote these phrases for a guide that was printed in 2019 – not so way back, however sufficient has modified since then that the concept of totalitarian governments bent on conquest doesn’t precisely appear to be an issue of the previous, nor does the specter of authoritarianism inside our personal society. Nonetheless, Reno’s phrases remind me of this level made by Matt Yglesias, highlighted by Scott Sumner. Yglesias pointed to an article within the progressive publication American Prospect, arguing that insurance coverage corporations have been overrating the danger of fireside in areas like Eaton Canyon in California, as a result of there hadn’t been a significant hearth there in a very long time. This led them, in Yglesias’s phrases, to the idea that “activist regulators may value this danger higher than the market.” After all, this proved grimly ironic as a result of not lengthy after the American Prospect article, the entire space was engulfed in flames. An issue can lay dormant for a very long time with out ever really being behind us.

Certainly, one may argue that the authoritarian danger Reno dismisses solely appears distant exactly due to the sorts of concepts he finds so lamentable. There was a headline within the New York Instances that has been the butt of many jokes that learn “Jail Inhabitants Rising Though Crime Price Drops.” The joke, after all, is that one may simply and plausibly declare that the jail inhabitants rising is accountable for the crime charge dropping, and this state of affairs is an indication of success and never a foundation to argue that jail populations are too excessive. (“Firefighters proceed to dampen home, regardless of receding flames!”) Reno does briefly anticipate this, however he asserts that social disunity is a bigger menace than the prospect of authoritarianism from inside or with out. Sadly he’s very skinny on arguments detailing the relative danger between them. He does spend an excessive amount of time arguing intimately in regards to the causes and nature of the social disunity that troubles him, and why it’s a major problem – however the argument for why it’s the larger drawback is minimal and somewhat hand-wavy.

So it’s attainable for somebody to learn Reno’s guide and agree with him that there’s a drawback of social fragmentation, and agree with him about what’s driving this fragmentation, but not be satisfied by Reno’s declare that it’s a bigger danger relative to the prospect of authoritarianism or social oppression. Observe, I’m not making the declare that Reno is mistaken is his assertion in regards to the relative danger – I’m solely making the weaker declare that his argument isn’t adequate to justify the conclusion.

However except for that, Reno makes many stumbles when discussing each economics and the concepts of economists. I’ll be detailing these issues within the subsequent publish.



Source link

Tags: BigGodsPictureProblemsReviewstrong
Previous Post

Did You Get a Tax Refund? Here Are 7 Ways to Invest It In Real Estate

Next Post

Greater Flexibility: BVNK Wallet Offers Stablecoin, Crypto and Fiat Payments All in One Place

Related Posts

Lines, Legalism, Limits, and Likeness
Economy

Lines, Legalism, Limits, and Likeness

June 13, 2025
Consumer sentiment reading rebounds to much higher level than expected as people get over tariff shock
Economy

Consumer sentiment reading rebounds to much higher level than expected as people get over tariff shock

June 14, 2025
Toward a Historical Bibliography of the First Quarter (2000–2025)
Economy

Toward a Historical Bibliography of the First Quarter (2000–2025)

June 13, 2025
Gaza: The Sacrificial Ram on Capital’s New Altar
Economy

Gaza: The Sacrificial Ram on Capital’s New Altar

June 12, 2025
The Resurgence of Do It Yourself Economics 
Economy

The Resurgence of Do It Yourself Economics 

June 12, 2025
Market Talk – June 11, 2025
Economy

Market Talk – June 11, 2025

June 12, 2025
Next Post
Greater Flexibility: BVNK Wallet Offers Stablecoin, Crypto and Fiat Payments All in One Place

Greater Flexibility: BVNK Wallet Offers Stablecoin, Crypto and Fiat Payments All in One Place

Expedia Taps Upgrade’s FlexPay to Bring Cruise Vacations to Travelers

Expedia Taps Upgrade’s FlexPay to Bring Cruise Vacations to Travelers

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Washington residents, businesses gave .3M to Trump inauguration

Washington residents, businesses gave $5.3M to Trump inauguration

May 1, 2025
Market Forecast for June 16–20, 2025 – Analytics & Forecasts – 14 June 2025

Market Forecast for June 16–20, 2025 – Analytics & Forecasts – 14 June 2025

June 14, 2025
The president of the AFL-CIO says she’s committed to the fight against Trump’s immigration policies

The president of the AFL-CIO says she’s committed to the fight against Trump’s immigration policies

June 14, 2025
W.P. Carey: Dividend Raise Gives Me Confidence But Headwinds Keep Me Cautious (NYSE:WPC)

W.P. Carey: Dividend Raise Gives Me Confidence But Headwinds Keep Me Cautious (NYSE:WPC)

June 14, 2025
Crypto Bulls See  Billion Squeeze As Bitcoin, Alts Crash

Crypto Bulls See $1 Billion Squeeze As Bitcoin, Alts Crash

June 14, 2025
Anthony Pompliano planning 0 million Bitcoin-focused investment firm via SPAC

Anthony Pompliano planning $750 million Bitcoin-focused investment firm via SPAC

June 13, 2025
Riverside Properties Acquires Boston-Area Asset

Riverside Properties Acquires Boston-Area Asset

June 14, 2025
The Financial Observer

Get the latest financial news, expert analysis, and in-depth reports from The Financial Observer. Stay ahead in the world of finance with up-to-date trends, market insights, and more.

Categories

  • Business
  • Cryptocurrency
  • Economy
  • Fintech
  • Forex
  • Investing
  • Market Analysis
  • Markets
  • Personal Finance
  • Real Estate
  • Startups
  • Stock Market

Latest Posts

  • Market Forecast for June 16–20, 2025 – Analytics & Forecasts – 14 June 2025
  • The president of the AFL-CIO says she’s committed to the fight against Trump’s immigration policies
  • W.P. Carey: Dividend Raise Gives Me Confidence But Headwinds Keep Me Cautious (NYSE:WPC)
  • About Us
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2025 The Financial Observer.
The Financial Observer is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Business
  • Economy
  • Stocks
  • Markets
  • Investing
  • Crypto
  • PF
  • Startups
  • Forex
  • Fintech
  • Real Estate
  • Analysis

Copyright © 2025 The Financial Observer.
The Financial Observer is not responsible for the content of external sites.