Index Investing News
Wednesday, October 4, 2023
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

Proud Ignorance and the Possibility of a Free Society

by Index Investing News
November 6, 2022
in Economy
Reading Time: 3 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


There is, of course, as Elon Musk suggested, some probability that the aggression against Mr. Pelosi covers some yet unknown reality (Kurtis Lee, “Elon Musk, in a Tweet, Shares Link From Site Known to Publish False News,” New York Times, October 30, 2022):

In a reply to Mrs. Clinton’s tweet, Mr. Musk wrote, “There is a tiny possibility there might be more to this story than meets the eye” and then shared a link to an article in the Santa Monica Observer. The article alleges that Mr. Pelosi was drunk and in a fight with a male prostitute.

To explore that possibility, though, one should not look at individuals and websites known for inventing facts or accepting them only if they fit with their muddled ideology and implausible beliefs; one should not rely on sources that have demonstrated a lack of rational methodology in the search for the truth.

If we believe the NYT story, Mr. Musk, who later deleted his post, is not himself totally immune to that defect:

A 2021 editorial in The Los Angeles Times about websites that “masquerade as legitimate local newspapers” noted that the Santa Monica Observer, “owned by onetime City Council candidate David Ganezer, is notorious for publishing false news.” In 2016, for example, the publication advanced a claim that Mrs. Clinton had died and that a body double was sent to debate the Republican presidential nominee, Donald J. Trump.

But anybody not used to the discipline of research can be easily fooled by doubtful sources.

A good story by Robby Soave in Reason gives an idea of how Donald Trump himself thinks (“The Paul Pelosi Conspiracy Theories Are an Embarrassment for the Right,” November 2, 2022). Besides lending credence to the gay prostitute theory, Trump repeated another “alternative fact” that seems to have been invented:

You know, probably, you and I are better off not talking about it. The glass, it seems, was broken from the inside to the out and, you know, so, it wasn’t a break in, it was a break out.

The “it seems,” uncharacteristic of Trump’s intuitive certainties, looks contradicted by the rest of the sentence.

The rise of the Internet and especially of the social media has revealed a disturbing fact: how ignorant is part of the general public and how easily they fall into implausible theories—that Sandy Hook was a government-organized hoax, that the 2020 election was stolen, etc. The woke are not better and generally don’t have the excuse of lacking education—although perhaps “education” should be put in scare quotes. One can, I think, be knowledgeable and intellectually honest on the either side of the orthodox left-right divide; but this is not the current state of the public debate.

Suddenly, with the Internet and the social media, the proud ignorant have become able, at near zero cost, to express their muddled intuitions for the whole wide world to see. The big difference is this near zero cost. The idea of charging a price for an efficient access to social networks may be part of the (privatly evolved) solution; perhaps charging much more than Musc suggests for Twitter would be even better. The higher the price, the fewer the number of individuals who think that echoing implausible stories is worth it; they will go back to their TV sets or their video games. To be clear: these individuals are respectable as long as they don’t use their proud ignorance to impose their preferences and values on others by force.

Where does the proud ignorance displayed by both the woke crowd and the conspiracy theorists leave the Enlightenment promises of popular education, the perfectibility of mankind, and the possibility of a free society? On that challenging question, it is useful to read James Buchanan’s small book, Why I, Too, Am Not a Conservative (or, as a poor substitute, my Regulation review).



Source link

Tags: FreeIgnorancepossibilityProudsociety
ShareTweetShareShare
Previous Post

Interest rate rises boost Warren Buffett’s Berkshire Hathaway results

Next Post

Marcon welcomes French questions on climate ahead of COP27

Related Posts

Some questions for Bloomberg – Econlib

Some questions for Bloomberg – Econlib

by Index Investing News
October 3, 2023
0

Bloomberg has a new piece suggesting that a recession may be immanent: …And Fed Hikes Are About to Bite Hard...

Notes on “the face of fiscal dysentery”

Notes on “the face of fiscal dysentery”

by Index Investing News
October 3, 2023
0

Receive free Global Economy updatesWe’ll send you a myFT Daily Digest email rounding up the latest Global Economy news every...

Transcript: Gary Cohn – The Big Picture

Transcript: Gary Cohn – The Big Picture

by Index Investing News
October 3, 2023
0

   The transcript from this week’s, MiB: Gary Cohn, Director of the National Economic Council, President of Goldman Sachs,...

UK retail inflation falls to lowest level in a year, industry data shows

UK retail inflation falls to lowest level in a year, industry data shows

by Index Investing News
October 3, 2023
0

Receive free UK inflation updatesWe’ll send you a myFT Daily Digest email rounding up the latest UK inflation news every...

I, Pothole – Econlib

I, Pothole – Econlib

by Index Investing News
October 3, 2023
0

I am a pothole—an ordinary road hazard and a bane to all who drive. Messing with you and your vehicles...

Next Post
Marcon welcomes French questions on climate ahead of COP27

Marcon welcomes French questions on climate ahead of COP27

China quashes hopes of re-opening as health officials announce they will stick ‘unswervingly’ to zero-Covid policy : stocks

China quashes hopes of re-opening as health officials announce they will stick 'unswervingly' to zero-Covid policy : stocks

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

China Evergrande communicates with Wuhan over repossessed land (Nov. 24) By Reuters

China Evergrande communicates with Wuhan over repossessed land (Nov. 24) By Reuters

November 25, 2022
Ethereum Price To Remain Sluggish Before It Attempts A Rally

Ethereum Price To Remain Sluggish Before It Attempts A Rally

December 10, 2022
High Dividend 50: LyondellBasell Industries

High Dividend 50: LyondellBasell Industries

January 12, 2023
Moral Hazard and Health Insurance

Moral Hazard and Health Insurance

December 7, 2022
Credit Suisse CEO memo signals UBS deal to close Monday

Credit Suisse CEO memo signals UBS deal to close Monday

June 10, 2023
A Fifth of the World’s Species-Rich Wetlands Have Been Destroyed

A Fifth of the World’s Species-Rich Wetlands Have Been Destroyed

February 8, 2023
Soiled politicians are merely not fishermen

Soiled politicians are merely not fishermen

August 4, 2022
Argentina: rap, reform and gender rights | Women’s Rights

Argentina: rap, reform and gender rights | Women’s Rights

December 4, 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.

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

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