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Ross Andrews's avatar

I gained a lot of respect for you reading this essay. This is the kind of honesty and reason we need in our discourse. Sincere criticism of your own side is all too rare these days.

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משכיל בינה's avatar

Overall, a disappointing article. It does not address at all the main criticism of post-1970s capitalism from the Right which is that the costs of the goods most important to human wellbeing, principally housing, have been consistently rising for five decades *as a proportion of average income*, whereas those goods that have got cheaper are principally those that do not promote, or actively undermine human flourishing. If a person is economically struggling, one can simply choose to consume fewer computer games, processed foods, Netflix etc. and not only will he probably be no less happy, there is a good chance he will be happier. Conversely, you can't just not have shelter.

Now, it's an unresolved question how much of this is a product of Baumol effects, how much of perverse incentives from government subsidies, how much a result of result of Cantillon effects, but in any case it's bad and needs to be fixed for civilization to flourish, and lectures in how everything is greater because you can buy iphones just reinforce the cycle of rightoids being taken advantage of by quack economics.

P.S. All the food in America is shit and anyone who has been to essentially anywhere in Europe knows this. Very strange to use tasty apples in America as an example of economic progress.

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