Thursday, March 5, 2015

Two More Anti-Capitalism Myths

FEE continues their superb series of Cliches of Progressivism with two new entries.  First, the old canard that innovation and technology result in unemployment.  This mistaken view gained traction in mid-18th century England (see Luddite, here, for an early 19th century reaction) and has never really been vanquished.  Well, OLS heroine and true feminist Wendy McElroy explains that, in a modern day context...
In the short term, robotics will cause some job dislocation; in the long term, labor patterns will simply shift. The use of robotics to increase productivity while decreasing costs works basically the same way as past technological advances, like the production line, have worked. Those advances improved the quality of life of billions of people and created new forms of employment that were unimaginable at the time.
Click here to read this excellent entry in its entirety.  And George Mason economist and all-around intellectual giant, Walter Williams, looks at the Progressive myth that lack of diversity in social outcomes automatically implies racism as the cause.  Here's an excerpt from this required reading:
Law professors, courts, and social scientists have long held that gross statistical disparities between races are evidence of a pattern and practice of discrimination. Behind this vision is the notion that but for discrimination, we’d be distributed proportionately by race across socioeconomic characteristics such as income, education, occupations, and other outcomes.
There is no evidence from anywhere on earth or any time in human history which demonstrates that but for discrimination there would be proportional representation and absence of gross statistical disparities by race, sex, nationality, or any other human characteristic. Nonetheless, much of our thinking, laws, litigation, and public policy are based on proportionality being the norm. Let us acknowledge a few gross disparities and decide whether they represent what lawyers and judges call a “pattern and practice of discrimination,” while at the same time thinking about what corrective action might be taken.
Click here to read Williams's argument and how he dismantles one of the most pernicious views the progressive, liberal, left try to thrust on society.