3 ms·
If the modern right's obsession with "ivory tower academics" was real instead of a stick with which to beat ideas they don't like, the field they'd focus on wou
by deaux 9mo ago
If the modern right's obsession with "ivory tower academics" was real instead of a stick with which to beat ideas they don't like, the field they'd focus on would be economics, not gender studies. Most of it is astrology for those who like to wear suits. It has been decades since the complexity and chaos factor of the real world has overtaken the ability to make meaningful correlations or predictions in all but the most straightforward cases where one institute (e.g. a central bank) controls everything.
It's made even worse by the great bias towards "everything about globalism and capitalism is obviously fantastic for the world!".
This case is such a prime example of both of the above. Firstly, the one-off China event having such a big impact on its own that general theories are entirely irrelevant. Second, of course
> "Now that those were swept away—they were, he said, merely a “temporary phenomenon”—the catch-up growth that economic theory predicted had finally arrived. Globalization was working; development was succeeding; the gap between rich and poor countries was closing.
- anon291 9mo agoEverything useful about economics was figured out ages ago. Free markets and the rule of law guarantee wealth and prosperity for the masses
- bryanlarsen 9mo agoAnd with just those two you get massive and frequent recessions, inequality, and so much more. It's a good base, but far from enough.
- anon291 9mo agoWealth inequality is a net good