Index Investing News
Tuesday, April 14, 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

There is no solid ground in politics

by Index Investing News
June 27, 2023
in Economy
Reading Time: 3 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


Robert Louis Stevenson beautifully describes the ever-shifting terrain of politics:

History is much decried; it is a tissue of errors, we are told, no doubt correctly; and rival historians expose each other’s blunders with gratification. Yet the worst historian has a clearer view of the period he studies than the best of us can hope to form of that in which we live. The obscurest epoch is today; and that for a thousand reasons of inchoate tendency, conflicting report, and sheer mass and multiplicity of experience; but chiefly, perhaps, by reason of an insidious shifting of landmarks. Parties and ideas continually move, but not by measurable marches on a stable course; the political soil itself steals forth by imperceptible degrees, like a traveling glacier, carrying on its bosom not only political parties but their flag posts and cantonments; so that what appears to be an eternal city founded on hills is but a flying island of Laputa.   [From “The Day After To-morrow”]

I love the flag post on the glacier metaphor.

On the left, people have shifted from marching in support of “free speech” to opposing free speech. They went from advocating a colorblind society to the view that colorblind policies are racist. Many of the right went from outrage over “defund the police” to advocating defunding the tax police and the FBI. The Democrats once opposed abortion more than the Republicans, now the reverse is true. Republicans went from praising Houston’s lack of zoning to the being the biggest NIMBYs on the block. Attitudes toward Russia flip flopped after the 2016 election. Free trade, immigration, almost any issue you could cite has no fixed political home.

To channel Robin Hanson; in politics, X is never about X. The free speech movement of the 1960s was not about free speech; it was a demand that we tolerate left wing ideas. The civil rights movement of the 1960s was not about civil rights; it was about improving the condition of blacks in America. On both the left and the right, defunding movements are aimed at government entities that seem to persecute their voters. Republicans supported abortion rights when they saw the opposition as composed of Catholics trying to boss them around. Votes on legislation affecting trade, immigration, zoning, etc., hinge on how the policies are seen as affecting the political coalition that currently votes for their party.

Matt Yglesias recently linked to this graph:

Note that as recently as 1996, blue states like Colorado and Virginia voted for a Republican, while deep red states like Louisiana, Tennessee and West Virginia voted Democratic.  Go back further and the changes are far greater.  And yet our pundits talk about politics as if “Democratic” and “Republican” were a fixed type, unchanging from year to year.  There is a subtle pressure to join one of the two tribes.

One way to think about this is to notice that 90% of American voters are mostly unprincipled.  I don’t mean that as a pejorative, merely a description of their approach to politics.  Presumably they would defend their approach as being pragmatic, not locked into a rigid ideology.  This means that the other 10% of us end up wandering around, with no fixed tribe to call our home.  And it can be quite uncomfortable to be a fixed post stuck deep in the bedrock as a glacier grinds past.  Especially when the 90% believe that they are the ones with consistent views.

PS.  Immediately after the quotation above, Stevenson had this to say about a gradual change in the meaning of “liberalism” during the late 1800s:

It is for this reason particular that we are all becoming Socialists without knowing it; by which I would not in the least refer to the acute case of Mr. Hyndman and his horn blowing supporters, sounding their trumps of a Sunday within the walls of our individualist Jericho, but to the stealthy change that has come over the spirit of Englishmen and English legislation. A little while ago, and we were still for liberty; “Crowd a few more thousands on the bench of Government,” we seemed to cry; “keep her lead direct on liberty, and we cannot help but come to port.” This is over; laisser-faire declines in favor; our legislation grows authoritative, rows philanthropical, bristles with new duties and new penalties, and casts a spawn of inspectors, who now begin, notebook in hand, to darken the face of England. It may be right or wrong, we are not trying that; but one thing it is beyond doubt: it is Socialism in action, and the strange thing is that we scarcely know it.



Source link

Tags: GroundpoliticsSolid
ShareTweetShareShare
Previous Post

RIDE, WBA, DAL and more

Next Post

Nevada asks for Prime Trust to be put in receivership, reports $82M deficit

Related Posts

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...

Adam Smith and Reciprocal Tariffs

Adam Smith and Reciprocal Tariffs

by Index Investing News
April 5, 2026
0

This month marks the 250th anniversary of Adam Smith’s magnum opus, The Wealth of Nations. The Liberty Fund print edition...

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...

Next Post
Nevada asks for Prime Trust to be put in receivership, reports M deficit

Nevada asks for Prime Trust to be put in receivership, reports $82M deficit

The Next Chapter Trailer Shows Maci And Ryan Getting Along, Wedding Prep and Pole Dancing

The Next Chapter Trailer Shows Maci And Ryan Getting Along, Wedding Prep and Pole Dancing

RECOMMENDED

Investors Should Prepare for 2022 Listing

Investors Should Prepare for 2022 Listing

March 15, 2024
Ethereum’s dual performance: Slips against BTC but gains 82% against the dollar

Ethereum’s dual performance: Slips against BTC but gains 82% against the dollar

December 20, 2023
Pentagon inspector to probe US defense chief’s hospitalization

Pentagon inspector to probe US defense chief’s hospitalization

January 11, 2024
Glenview Capital provides Microsoft, exits Marvell, Seagate, others (MSFT:NASDAQ)

Glenview Capital provides Microsoft, exits Marvell, Seagate, others (MSFT:NASDAQ)

February 14, 2025
Just Listed | 211 2nd Terrace

Just Listed | 211 2nd Terrace

June 11, 2023
Berlin says scenario in Gaza ‘insufferable’, requires ceasefire: minister

Berlin says scenario in Gaza ‘insufferable’, requires ceasefire: minister

May 10, 2025
Johnny Depp’s Recognition Went DOWN Over Course Of Trial? Actually?!

Johnny Depp’s Recognition Went DOWN Over Course Of Trial? Actually?!

June 11, 2022
Robust crypto fundamentals pull through after May’s monthly red candle: Report By Cointelegraph

Robust crypto fundamentals pull through after May’s monthly red candle: Report By Cointelegraph

June 23, 2023
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