Index Investing News
Saturday, April 4, 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

The Unbearable Lightness of Collectivism

by Index Investing News
January 5, 2024
in Economy
Reading Time: 3 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


Our sister website Law & Liberty published an article by Oren Cass, a defender of protectionism (“Free Trade’s Original Myth,” January 3). It is an interesting piece although, I suggest, more from a rhetorical than a social-scientific or even simply logical viewpoint. Let me just discuss one irredeemable flaw.

Social anthropomorphism is a first symptom. Writing about the goods and services exchanged in international trade, Mr. Cass writes:

Once the products at issue are of different strategic value, any nation might rationally place its finger on the scale to gain comparative advantage in that which it prefers to produce.

How can a nation put its finger on anything? Who is the nation’s finger? Émile Faguet, the great classical-liberal essayist and French academician, mocked this sort of “zoological politics”: “You think you are a man,” he wrote; “in fact, you are a foot”—“Vous vous croyez un homme; vous êtes un pied” (Le Libéralisme, Paris, 1902/1903). Or perhaps by “nation,” Mr. Cass just means the government—politicians and bureaucrats.

Perhaps it is just a way of speaking. But what does the talk actually mean? General Motors and its owners prefer to produce cars while Microsoft and its owners prefer to produce software and cloud services. Mr. Cass prefers to produce articles and PR. So what does the social organism prefer to produce?

Ways of speaking often express or lead to ways of thinking. The anthropomorphic or organic conception of society has nearly always been associated with authoritarian politics. (I give examples in my article “The Impossibility of Populism,” The Independent Review, Summer 2021.)

But perhaps what Mr. Cass and protectionists are defending is not literally social anthropomorphism but simply collectivism, the bundles (or should I say the “fasces”?) of doctrines claiming that the collective is superior to the individual and that collective choices should take precedence over individual choices. Mr. Cass writes:

Dig to the bottom of the post-war case for free trade, and one finds not a closely reasoned and unassailable doctrine, but rather a condescending lecture about preferring the global to the national interest. Who was the “we” that had “agreed” to this?

Condescending? Since, for Mr. Cass, individuals are not practically or morally competent to make their own decisions (like, say, buying dolls from Chinese sellers), since individual liberty does not create an auto-regulated order, they need collective discipline and our author knows which collective, which “we,” they should be submitted to: not the world collective but the United States collective. One collective must rule and the “national interest” is the best collective interest. By the way, how does one calculate the collective interest in a numerous society of different individuals with different preferences and in different circumstances? At any rate, once some majority determines the goals, all individuals will have to obey, or else. Economists, we are told, “have a vital role to play in analyzing how best to accomplish the nation’s goals.”

Fortunately and quite coherently, a large number of economists have tended to stand more on the individual’s side. In the (classical) liberal and individualist perspective, individuals live in different, often overlapping, societies—the world, their countries, their villages, their online communities, their professions, etc.—because each thinks it is in his interest to do so. In a free society, characterized by individual liberty, each one pursues his own goals (his “ends” in the terms of Friedrich Hayek). Each one is free to pursue his own happiness.

That the collectivist ideology espoused by protectionists would lead to logical contradictions is not surprising. In defending the “national interest,” protectionists are strangely incoherent, as 19th-century economist James Mill and his more famous son John Stuart already pointed out. The protectionists want their country’s resources (“our national resources”) to produce goods for the consumption of foreigners, which is what exportation is; and they hate to see the resources of foreigners used to produce goods for their fellow citizens, the importing country’s residents, which is what importation means. To be coherent with their own collectivist logic, they should instead favor imports and fight exports.

In short, an essential element is missing from Mr. Cass’s arguments: the individual; protectionists only know collectives. The individual is missing both in a methodological sense and in a substantive moral and philosophical sense. Economists virtually always adhere to methodological individualism, the theory that one needs to start from the individuals to understand social groups, not the other way around. (One exception is Karl Marx, which explains why he did not use standard tools of economic analysis and why indeed his economic credentials are doubtful.) Consequently and naturally (although it is not logically necessary), most economists tend to espouse, or have tended to espouse, an individualist political philosophy, sympathetic to individual sovereignty. Like socialists (at least those in the Marxist tradition) and the old European right, Mr. Cass rejects individualism in both its meanings—methodological and ethical. This illuminates a phenomenon otherwise mysterious: the convergence between the anti-individualist right and the anti-individualist left.



Source link

Tags: CollectivismLightnessUnbearable
ShareTweetShareShare
Previous Post

Carson Wentz, Jamaal Williams and more 

Next Post

Ethereum L2s Surpassed All Other Blockchains by TVL: Details By U.Today

Related Posts

Shutting Hormuz is a template for China in Taiwan

Shutting Hormuz is a template for China in Taiwan

by Index Investing News
April 1, 2026
0

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the...

Ritholtz Wealth Management Is Coming to San Francisco!   

Ritholtz Wealth Management Is Coming to San Francisco!   

by Index Investing News
March 28, 2026
0

    Ritholtz Wealth Management is heading west. The week of April 16, 2026, our team will be in San...

The Match That Lit the Flame: Hannah Senesh and the Creation of Modern Israel (with Matti Friedman)

The Match That Lit the Flame: Hannah Senesh and the Creation of Modern Israel (with Matti Friedman)

by Index Investing News
March 24, 2026
0

0:37Intro. Russ Roberts: Today is January 18th, 2026, and my guest is journalist and author, Matti Friedman. This is Matti's...

At the Money: Billionaire Divorce Planning

At the Money: Billionaire Divorce Planning

by Index Investing News
March 20, 2026
0

    At the Money: Divorce Planning for the Ultra Wealthy (March 18, 2026) DESCRIPTION:   Divorce is difficult under the...

The Economics of Scarcity and the UNC-Duke Basketball Game (with Michael Munger)

The Economics of Scarcity and the UNC-Duke Basketball Game (with Michael Munger)

by Index Investing News
March 16, 2026
0

0:37Intro. Russ Roberts: Today is January 4th, 2026, and my guest today is Michael Munger. This is Mike's 51st appearance...

Next Post
Ethereum L2s Surpassed All Other Blockchains by TVL: Details By U.Today

Ethereum L2s Surpassed All Other Blockchains by TVL: Details By U.Today

The Importance Of Life Insurance For Your Finances

The Importance Of Life Insurance For Your Finances

RECOMMENDED

Trump election win propels S&P to historic 6,000 milestone, greatest week in over a 12 months

Trump election win propels S&P to historic 6,000 milestone, greatest week in over a 12 months

November 9, 2024
Subsidies to the Press Endanger Free Speech

Subsidies to the Press Endanger Free Speech

September 13, 2024
West Fraser Timber Stock: Impacts Of A Slowing Market Is Showing (NYSE:WFG)

West Fraser Timber Stock: Impacts Of A Slowing Market Is Showing (NYSE:WFG)

July 19, 2023
Tax returns show Trump may have sidestepped ,000 SALT cap limit

Tax returns show Trump may have sidestepped $10,000 SALT cap limit

January 1, 2023
Independence Realty Belief: Aligned To Profit From Inhabitants Migration (NYSE:IRT)

Independence Realty Belief: Aligned To Profit From Inhabitants Migration (NYSE:IRT)

March 6, 2025
How Will Tesla Inventory React to Earnings? What Choices Markets Say.

How Will Tesla Inventory React to Earnings? What Choices Markets Say.

January 30, 2025
Accrue Savings Review: Save Now, Buy Later

Accrue Savings Review: Save Now, Buy Later

November 1, 2022
HTX Companions with IBEX to Develop Bitcoin Lightning Community in Rising Markets

HTX Companions with IBEX to Develop Bitcoin Lightning Community in Rising Markets

September 12, 2024
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