Index Investing News
Sunday, April 26, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Merry Commercial Christmas! – Econlib

by Index Investing News
December 25, 2022
in Economy
Reading Time: 3 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


Isn’t it obvious how reprehensible is the commercialization of Christmas? I read in a Montréal newspaper that “the development of the mass market stimulated by material desires” and of the “consumer society” around the late 19th or early 20th century led to the “commercialization of the Holiday season” and created an “artificial” Christmas. The commercialization of Christmas was criticized by both the religious authorities and then the bien-pensant socialist intelligentsia. This last expression, nearly blasphemous, is used neither by the journalist nor by the highbrow academic he quotes.

We are told that today is even worse: “Everything is excessive, from the decorations to expensive food, through the competition for gifts purchased on credit.” This “alienation through mass consumption” has lately been attacked by environmentalists too. “We are far from voluntary simplicity and negative growth.”

To compensate for so much nonsense and out of respect for the poor people in Afghanistan, North Korea, Cuba, Venezuela, etc.) who can only dream of a consumer society and a plush commercial Christmas, let’s reflect on the contempt of statist intellectuals for ordinary people. (We can also compared China, where GDP per capita lies between that of Belarus and that of Thailand, with the history of Hong Kong.) How ordinary people could only hope to improve their conditions by voluntary exchange and free trade, against the exactions of the establishment and the scorn of the crony intelligentsia, is a historical phenomenon well depicted by Deirdre McCloskey in her trilogy on the bourgeoisie, to whom are due the Industrial Revolution and the Great Enrichment that followed.

In the exordium of the third volume, Bourgeois Equality: How Ideas, Not Capital or Institutions, Enriched the World (University of Chicago Press, 2016), McCloskey summarizes the opposition between the bourgeoisie, which arose in the eighteenth century “out of a new liberty and a new dignity accorded to ordinary people,” and the “clerisy,” a German term representing “the cultivated and reading enthusiasts for Kultur as against the commercial and bettering bourgeoisie.” Artists, intellectuals, journalists, professionals, and bureaucrats made up the clerisy, attacking the bourgeoisie and the commercial society that were launching a unique and monumental phenomenon in the history of mankind: in three centuries, a multiplication by 10 of the average standard of living in the world, which had heretofore stagnated and kept most human beings in dire poverty. A few excerpts from the first pages of Bourgeois Equality:

After the failed revolutions in Europe during the hectic year of 1848—compare 1968—a new and virulent detestation of the bourgeoisie infected the artists, intellectuals, journalists, professionals, and bureaucrats—the “clerisy” … The clerisy of Germany, Britain, and especially France came to hate merchants and manufacturers and anyone who did not admire the clerisy’s books and paintings. …

In the eighteenth century certain members of the clerisy, such as Voltaire and Tom Paine, courageously advocated our liberties in trade. And in truth our main protection against the ravenous has been just such competition in trade—not Citi Hall or Whitehall, which have their own ravenous habits, backed by violence. …

The commercial bourgeoisie—despised by the right and the left, and by many in the middle, too, all thrilled by the Romantic radicalism of books like Mein Kampf or What Is to Be Done—created the Great Enrichment and the modern world. The Enrichment dramatically improved our lives. …

Much of the clerisy … mislaid its former commitment to a free and dignified common people. It forgot the main, and the one scientifically proven, social discovery of the nineteenth century … that ordinary men and women do not need to be directed from above, and when honored and left alone become immensely creative. …

The modern world was made by a slow-motion revolution in ethical convictions about virtues and vices, in particular by a much higher level than in earlier times of toleration for trade-tested progress—letting people make mutually advantageous deals, and even admiring them for doing so, and especially admiring them when, Steve-Jobs loke, they imagine betterments. … Trade-and-betterment toleration was advocated first by the bourgeoisie itself, then more consequentially by the clerisy, which for a century before 1848, I have noted, admired economic liberty and bourgeois dignity … By then, however, as I also noted, much of the avant-garde of the clerisy worldwide had turned decisively against the bourgeoisie, on the road to twentieth-century fascism and communism.

To all EconLog readers, Merry Commercial Christmas!



Source link

Tags: ChristmascommercialEconlibMerry
ShareTweetShareShare
Previous Post

Chainers NFT Game for Degens – Full Review

Next Post

Will Every Brand Have a Web3 Strategy?

Related Posts

The limits on Scott Bessent’s Treasury swap lines

The limits on Scott Bessent’s Treasury swap lines

by Index Investing News
April 25, 2026
0

Scott Bessent’s ability to provide dollar swap lines for allies in Asia and the Gulf could be constrained by the...

Transcript: Jean-Philippe Bouchaud, Founder/Chief Scientist, Capital Fund Management

Transcript: Jean-Philippe Bouchaud, Founder/Chief Scientist, Capital Fund Management

by Index Investing News
April 21, 2026
0

    The transcript from this week’s, MiB: Philippe Bouchaud, Founder/Chief Scientist, Capital Fund Management, is below. You can stream...

Tech Troubleshooting in Space – Econlib

Tech Troubleshooting in Space – Econlib

by Index Investing News
April 17, 2026
0

When astronaut Christina Koch, the first woman to fly around the moon, reported an issue from space that could have...

Oil price surges ahead of Strait of Hormuz blockade

Oil price surges ahead of Strait of Hormuz blockade

by Index Investing News
April 13, 2026
0

Good morning and welcome to FirstFT. In today’s newsletter:Trump announces naval blockade of Strait of Hormuz Orbán’s crushing Hungarian election...

At The Money: Seeking Uncorrelated Returns

At The Money: Seeking Uncorrelated Returns

by Index Investing News
April 9, 2026
0

     At The Money: Seeking Uncorrelated Returns (April 8, 2026) Managed Futures generate returns that are not correlated...

Next Post
Will Every Brand Have a Web3 Strategy?

Will Every Brand Have a Web3 Strategy?

The Uprising Podcast: Trumped Up Taxes

The Uprising Podcast: Trumped Up Taxes

RECOMMENDED

Latin American Stripe rival dLocal acquires UK funds license

Latin American Stripe rival dLocal acquires UK funds license

January 10, 2025
If You Fall Asleep, You Die – Horror Film ‘Double Blind’ Official Trailer

If You Fall Asleep, You Die – Horror Film ‘Double Blind’ Official Trailer

January 24, 2024
Research study about measuring level of trust towards AI trading platforms : stocks

Research study about measuring level of trust towards AI trading platforms : stocks

November 17, 2022
Atlas Capital Pays M for LA-Space Industrial Redevelopment Website

Atlas Capital Pays $40M for LA-Space Industrial Redevelopment Website

June 7, 2022
Invoice Ackman searching for to boost  billion in Pershing Sq. fund IPO

Invoice Ackman searching for to boost $2 billion in Pershing Sq. fund IPO

July 31, 2024
Rugby World Cup 2023 LIVE: Latest build-up to France vs New Zealand in Paris

Rugby World Cup 2023 LIVE: Latest build-up to France vs New Zealand in Paris

September 8, 2023
Cochrane and Coleman: How Do You Clear up Inflation?

Cochrane and Coleman: How Do You Clear up Inflation?

July 18, 2022
Binance’s CZ puts Reuters reporter on blast for intent to report about his children

Binance’s CZ puts Reuters reporter on blast for intent to report about his children

October 17, 2022
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In