Confirmation Bias

On the most recent post at NoState at the time of this writing, Elitist stupidity, I commented about how the story of Mike’s past employment struggles related to my own observations about intelligent people who lose the plot to confirmation bias and forget about what made them successful.

Mike termed it elitism, but it’s not the exclusive domain of elites to do this.  It is very human to believe your own press and to assume that past performance is predictive of future profit.  We take our relationships for granted, we take our jobs, careers for granted amongst other things.  Part of this is that we rely heavily on observation, which eventually becomes an avalanche, burying critical thinking as entropy increases.

The other part is that success is like a drug, changing our perspective.  Failure qualifies as well, but we don’t usually lament the irrationality of people who fail because their failure already discounts their opinions.

Continue reading Confirmation Bias

 

Wonderful Riposte to Long

J. H. Huebert and Walter Block have a wonderful riposte to the most recent response from Roderick Long.

The timeline of this discussion starts with “Corporations versus the Market; or, Whip Conflation Now” a lead essay published on Cato Unbound by Prof. Long.  Subsequent responses include Long, Huebert-Block,  Peter Klein of LvMI, Stephan Kinsella of LvMI/LRC and Kevin Carson of the Mutualist Blog.

I’ve included all of the major responses and discussions because some great discussion can be found in the comments at several of the links above.

As I’ve posted a little in the comments on some blog posts mentioned above, I would like to highlight the parts of the response from Huebert and Block that I find most significant and challenging not only to the lead essay but the larger left-libertarian paradigm.

Long’s lead essay, and response to Klein/Huebert-Block he seems to be carrying on the left (and left-libertarian) fallacy of corporation/big business as evil.  This is a recurring theme in Kevin Carson’s Mutualist camp as well.  What is not addressed by left-libertarians in this debate, is specifically how large firms exclusively benefit, and if all benefiting large firms are corporations.

We asked why Long singles out corporations as opposed to other types of businesses for criticism.  He says that corporations are “the primary and disproportionate beneficiaries of government privilege.”  Perhaps.  But Long muddies the water by referring to “corporations” instead of “big businesses.”  After all, while most big businesses may be corporations, most corporations are  not big businesses;   rather, they are  small businesses.

Even if Long used big business, and perhaps Huebert-Block are setting him up again, what is the firm size that Long is protesting?  At what size does a firm start to yield a net benefit from the state?  It’s never clearly defined.  One would think when making such a specific charge, specifically based on size or structure, the size or structure in question would be defined.

In the comments at Mises, I believe some left leaning libertarians were generally surprised to learn that individuals can incorporate, and thus incorporation in and of itself does not bestow obvious state privilege.  One commenter mentioned that corporations pre-dated the state recognition of such, and this was also ignored.  The left in my opinion, are very effective at compartmentalizing arguments until they are significantly detached from reality and external considerations.

My other major issue with left-libertarianism is their populist class theory based on Marxism.

States Long:

Huebert and Block conclude that libertarians “should win with their own ideas, on their own terms, and avoid pandering to statists of any stripe.” I entirely agree. But to Huebert and Block it apparently seems that I am violating this advice by embracing ‘the ideas and rhetoric of the left.’

Nonsense! … We pioneered the ideas that today are associated with the left—class conflict, anti-corporatism, and worker empowerment (as well, incidentally, as feminism, antiracism, antimilitarism, and environmentalism).

While we cannot endorse many of the ideas commonly associated with feminism or environmentalism, for now let us consider only one of these ideas for which Long wants to give libertarians credit: class conflict. There is all the world of difference between leftists or Marxists, on the one hand, and libertarians, on the other. For the former, the main class division is between capitalists and laborers. For the latter, it is based on the distinction between those who live from, by, and on the basis of market processes, based on private property, and those who rely on initiatory force or fraud. The history of the matter is relatively unimportant; this philosophical distinction is crucial.

The last phrase from Huebert-Long is critical.  What matters is those who believe in a market based on private property ownership, and those who use aggression to compromise said market and property rights.

Populist working class rhetoric is philosophically bankrupt.  Mutualists claim to oppose big business and the state because the state cartelizes big business via regulation, and yet labour unions cartelize labour, protecting their members from competition, while propping up wages at the expense of those outside the union, and unions get an enormous pass for this blatantly anti-market behaviour.  That’s all besides the historical record of union violence against persons and property.

The double standard of Marxist class theory should be apparent to small children, let alone prominent intellectuals.  But then, Roderick Long does claim his insight into corporate culture is influenced by the comic strip Dilbert, so what do these guys really know?

I will say this.  There is a conflation conflict.  Conflating liberty with the socialist left, is a descent into confusion and hypocrisy.  Carson, and now Long (much to my regret), seem to be walking that line downward.

I promise more to come on this.

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Anti-Capitalist Newspeak

On the Mises forum, it’s normal to see a mutualist or left-libertarian protest the use of the word capitalism. The argument goes that instead we should be using “free market” or “market anarchy”.

Why? The reasoning is that too many people misunderstand the word capitalism and think it is the American economic system. It’s not even an argument that the word capitalism means something different than the Austrian or right-libertarian (anyone who is not a left-libertarian apparently) usage, but rather that since a lot of people misuse and misunderstand the word, they now own it. The word is now defined by it’s misuse.

This has already happened with terms like liberal, anarchist, anarchy, laissez-faire, liberalism and libertarianism to name a few.

I refuse to let the lowest common denominator define the language I will use. These are the same people who do not understand, and lack the curiosity to discover why inflation occurs. The same people who vote for the lesser of two evils. The same people who cheer for war when it starts, then cry about it later. The same people who want to bailout Main Street by placing a tax burden on their children, and their children’s children. The same people who worship Reagan and the Clintons. Who think that natural disasters are good for the economy and that America can spread freedom and democracy abroad with the barrel of a gun.

Why would I care what ignorant and loathsome people think?  Why would I allow them to frame the debate through their stunted and twisted perception of language?

The answer is, I don’t care, and I won’t allow someone to place limitations upon the debate.

Capitalism.  It’s a great thing.

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