Academics and Socialism—Part 2

  

  The question is not, “Do you love your planet?” The question is, “How susceptible are you to hysterical fright-mongering?”

from the book: Shadow Dancing on the Grave of Hope:

    A massive majority of professors in the social sciences in North American universities are socialists. Some would argue that this is so because socialism is the choice of the most intelligent members of our society. My favored interpretation is that socialism is the choice of those who cherish government jobs for life without performance requirements. An examination of most of the pronouncements of the favored ones is enough to demonstrate intelligence is not a factor in this career choice.

    Another interpretation comes from Milton Friedman who said, "I think a major reason why intellectuals tend to move towards collectivism is that the collectivist answer is a simple one. If there’s something wrong, pass a law and do something about it."

    "The most fundamental fact about the ideas of the political left is that they do not work. Therefore we should not be surprised to find the left concentrated in institutions where ideas do not have to work in order to survive."  Thomas Sowell

    "Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies."– Groucho Marx. So it turns out that Marx is an astute observer of political activity. Unfortunately for the academics, it is Groucho, not Karl. “At most only a tiny set of policies have been studied with even moderate care.” George J. Stigler, Nobel Prize Laureate, Economics. Pointing out errors is a complicated matter because the number of ways to do things wrong is practically infinite. The reason that these errors occur, and will recur,  is always the same.

   “The natural effort of every individual to better his own condition…is so powerful that it is alone, and without any assistance, not only capable of carrying on the society to wealth and prosperity, but of surmounting a hundred impertinent obstructions with which the folly of human laws too often encumbers its operations.”
Adam Smith, The Wealth of Nations Book IV Chapter V Section IV

Cheerio and ttfn,
Grant Coulson
Cui Bono–Cherchez les Contingencies

Advertisement

Leave a Reply

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

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com 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 )

Connecting to %s


Follow

Get every new post delivered to your Inbox.