Marxist “Economists”

Coyote today posted a devastating piece, debunking a recent article by marxist economist Paul Krugman.

Marxism is based on mysticism, altruism, and collectivism.  Altruism is based on the fallacy of zero-sum: every transaction has a winner and a loser.  So it’s not surprising that marxists see limits to wealth, technology, and opportunity.  They focus only on the “costs”, like population, carbon dioxide, etc.

His arrogance is also worth mentioning.  Here is a money quote:

“The general rule to remember is that if some discipline seems less developed than your own, it’s probably not because the researchers aren’t as smart as you are, it’s because the subject is harder.”

I do not think it is accurate to say that economics is “less developed”.  I think it is accurate to say that it is more corrupt, and often proposes obvious falsehoods.  In science, reality provides a better (or at least more immediate) check on bad science.  Unfortunately, due to government funding, this is not true for economics.

Anyways, I’d like to add one observation to the list of excellent points made by Coyote.  Krugman’s use of the disingenuous phrase “manipulate the physical world” is flagrantly dishonest.  While wealth creation is sometimes about making it possible to do something entirely new, it is usually about cutting costs.

Cutting costs is another way of saying that we can avoid doing some of the things that were previously necessary.  For example, eating dinner used to require that we sharpen a spear, risk our lives on the hunt, drag an animal back to the cave, cut wood, bring the wood to the fire, tend the fire, and cook the meat on a stick hung over the fire.  Eating dinner takes a lot less time and energy, and is a lot more certain of the intended outcome.

It is in this light that we have to look at what Krugman wants to take off the table for discussion: computers and the Internet.

From the perspective of a traditional smokestack industry, computers and the internet allow them to eliminate a lot of movement of goods and people, alot of waiting around of goods and people, alot of rework of goods, alot of unnecessary production of goods, and a lot of unnecessary employment of people (who are freed to work on other things).

In 1958, many people would darn their socks as a way to save money and avoid buying new socks.  Today, socks are what?  $5 for 3 pairs??

Krugman is offering marxist propaganda in the name of “economics”.  Tell me, is this because economics is so much harder than software development?  Or is this because the standards are different?

Software has to work.  What about economics?


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: