Index Investing News
Wednesday, September 3, 2025
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

Some UFO Political Economy – Econlib

by Index Investing News
January 8, 2023
in Economy
Reading Time: 3 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


Wall Street Journal columnist Holman Jenkins explains how some UFO enthusiasts are a bit beyond the pale (“The UFO Crowd Wants an Alien Invasion for Christmas,” December 23, 2022). He reports how, after a previous column critical of the UFO sect, a reader emailed him:

He asks some questions, though: “How much did they pay you to write this trash? Do you still have a gag reflex or did they take that along with the journalistic integrity?” He closes with a scatological insult, which, in an undeserved favor to him, I don’t repeat.

The hope of the UFO crowd is that extraterrestrials from an “advanced civilization” will soon establish contact with us earthlings, if they have not already done so. My question is, Does political economy allow some reasonable conjectures about such a civilization?

Interstellar aliens would certainly come from a technologically advanced civilization. If they depart from an exoplanet orbiting around the star closer to us, Proxima Centauri, and travel at the same speed as we have reached in space, their spacecraft would take 6,300 years to reach Earth (see “This Is How Many People We’d Have to Send to Proxima Centauri to Make Sure Somebody Actually Arrives,” MIT Technology Review, June 22, 2018). If they travel at the speed of light, our visitors from the Proxima Centauri solar system would be here in a bit more than four years. Can we speculate on the kind of society where the required technology has a chance to develop?

If the understanding that classical liberal economists have developed since the 18th century is correct, our visitors’ society or civilization—that is their beliefs and institutions—cannot be centralized and authoritarian. If it were “run” by an authoritarian government or by some “social organism” of which individuals are mere cells, a technology appropriate to interstellar travel could not have been developed and sustained. An “advance civilization” cannot be based on central planning or even on any serious industrial policy. It must be neither collectivist of the left (socialist) or of the right (fascist). Scientific progress requires free speech, open discussion, and constant criticism. Scientific and technological development also require efficient markets and trade. The economy must be rich, which requires entrepreneurship and competition. In brief, an advanced civilization requires the sort of spontaneous social order that Adam Smith or Friedrich Hayek conceived, with an efficient use of the dispersed knowledge in society. It must be the sort of “ordered anarchy” that James Buchanan advocated. Perhaps the traveling aliens’ advanced civilization has even discovered, after tens or hundreds of millennia, institutions that have allowed the withering away of the state and the birth of a liberal anarchy.

In other words, compounded technological advances are not only a matter of technology.

Note that I am assuming that our interstellar visitors are somewhat similar to us in the sense that they come from within our universe and are subject to the same scientific and social-scientific laws as we are.

If all that is correct, the aliens who would land on Earth would not be military men regimented in a tight hierarchy, but free men and women (of at least two sexes appear to be an evolutionary necessity) used to independence and liberty, that is, to a truly advanced civilization. At worst, it seems, they could be banned outlaws or escapees from such a society. The earthlings who hope that aliens will come with a ready-made model of socialist or fascist nirvana will be disappointed.

PS: The featured image of this post shows a UFO I sighted a few days after reading Jenkins’s column, right above the corn field where I regularly walk and hunt. Things do happen in Maine.



Source link

Tags: EconlibEconomyPoliticalUFO
ShareTweetShareShare
Previous Post

Fighting follows Moscow’s truce By Reuters

Next Post

Crypto exchange Huobi to lay off 20% of workforce

Related Posts

MiB: Mark Zandi, chief economist of Moody’s Analytics

MiB: Mark Zandi, chief economist of Moody’s Analytics

by Index Investing News
September 1, 2025
0

  This week, I converse with Mark Zandi, chief economist of Moody’s Analytics, a subsidiary of Moody’s Corp. Dr. Zandi is a cofounder...

A Collectivist Decide Is a Contradiction in Phrases

A Collectivist Decide Is a Contradiction in Phrases

by Index Investing News
September 1, 2025
0

It's a little bit of a thriller why individuals who declare to be American-style conservatives don't embrace Friedrich Hayek, the...

Will the Fed Reducing Charges Scale back Authorities Borrowing Prices?

Will the Fed Reducing Charges Scale back Authorities Borrowing Prices?

by Index Investing News
September 1, 2025
0

Brief model: no. In my current put up on central banks and independence, I cited Harvard economist Jason Furman in...

Transcript: Ellen Zentner, Chief Financial Strategist at Morgan Stanley

Transcript: Ellen Zentner, Chief Financial Strategist at Morgan Stanley

by Index Investing News
September 1, 2025
0

    The transcript from this week’s, MiB: Ellen Zentner, Chief Financial Strategist at Morgan Stanley, is under. You possibly...

Buyers should not let the tariff drama cloud their judgment

Buyers should not let the tariff drama cloud their judgment

by Index Investing News
September 1, 2025
0

Unlock the Editor’s Digest without costRoula Khalaf, Editor of the FT, selects her favorite tales on this weekly e-newsletter.The British...

Next Post
Crypto exchange Huobi to lay off 20% of workforce

Crypto exchange Huobi to lay off 20% of workforce

US equity REIT capital offerings at .52B in 2022, lowest since 2009 (BATS:REM)

US equity REIT capital offerings at $41.52B in 2022, lowest since 2009 (BATS:REM)

RECOMMENDED

Housing Affordability A Most important Concern For Early Voters: Redfin

Housing Affordability A Most important Concern For Early Voters: Redfin

November 5, 2024
Who elected Elon Musk our arbiter of social norms?

Who elected Elon Musk our arbiter of social norms?

July 28, 2024
Oprah Winfrey Known as Out For 'Shady' Tina Knowles Interview After Most cancers Analysis Reveal — See Why!

Oprah Winfrey Known as Out For 'Shady' Tina Knowles Interview After Most cancers Analysis Reveal — See Why!

April 23, 2025
What at-risk tenants can do as evictions pick up across the U.S.

What at-risk tenants can do as evictions pick up across the U.S.

January 19, 2023
Nikita Kucherov’s hat trick leads Lightning previous Hurricanes

Nikita Kucherov’s hat trick leads Lightning previous Hurricanes

October 12, 2024
Northpath Acquires 2 Retail Assets in New York

Northpath Acquires 2 Retail Assets in New York

April 6, 2023
Regulator indicts Victory, Yochananof CEOs over worth fixing

Regulator indicts Victory, Yochananof CEOs over worth fixing

February 19, 2025
Cops wearing Spider-Man & Captain America outfits swoop on coke-gang and seize 3,500 bags of drugs in Peru

Cops wearing Spider-Man & Captain America outfits swoop on coke-gang and seize 3,500 bags of drugs in Peru

November 2, 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