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I find it interesting to read "historical" books to see how well they age. And by historical I mean those books just out of our memory, but they don't have the distance to be consider "great books" yet. This one was published in 2004. Most of this book ages quite well, at least the principles in it do. However there isn't much treatment about when non-democratic institutions (which are necessary) go wrong. Recent examples include the US central banks in the GFC, and Universities adopting critical * theories, social just theories, and victimhood as a virtue (all the cultural marxist, postmodern though stuff). I'm not suggesting the author should have been able to predict the future, but that he might recognize that just as democracy can be pushed too far, non-democratic technocratic institutions can do a lot of damage too. And I'm not even going to address the shit show that was the COVID response, the review can only be so long.
One big thing I took away from this was that democracy and classical liberalism are not the same thing. It seems to me because there are many well functioning, although that is debatable, liberal democracies that we focus on the noun and deemphasis liberal into an adjective. To be clear in our thinking we should be thinking in terms of both constitutional liberalism and democracy. Further that the order of operation is important. Unlike math where 2+3=3+2=5, democracy then liberalism does not beget the same outcomes as liberalism then democracy.
I found Chapter 4 particular interesting. As I was listening to it I couldn't help but draw parallels between the Arab Muslim fundamentalist issue and the cultural neoMarxist, postmodern ideologues.
The author explains that in many Arab countries, the political space is extremely limited, with no real political parties, free press, or pathways for dissent. As a result, the mosque became the primary place where people could discuss politics and express opposition to the regime.
This situation led to a few key consequences:
- The language of political opposition became intertwined with religious language, as the mosque was the only "safe" place to voice dissent.
- Fundamentalist organizations, such as the Muslim Brotherhood, Hamas, and Hezbollah, became de facto civil society organizations, providing social services, medical assistance, and other support that the state failed to provide.
- This combination of religion and politics proved volatile, as religious absolutes don't mix well with the compromise required in politics.
- The fundamentalists gained credibility and support by being the main opposition voice, without having to actually govern and prove their practical abilities.
- Regimes, unable to completely suppress religious institutions, often tried to co-opt them or use them to deflect criticism, further entrenching the role of religion in politics.
Some similarities that jumped out at me:
- Alternative spaces for discourse: Just as mosques became centers for political discourse in Arab countries, university campuses and academic circles often became the primary venues for neomarxist and postmodern thought in the West.
- Reaction to perceived failures: Both movements arose partly in response to the perceived failures of existing systems - authoritarian regimes in the Arab world, and capitalist liberal democracies in the West.
- Language and framing: Both movements developed their own specialized language and ways of framing issues, which could be exclusionary to outsiders.
- Critique without governance: Both groups often critiqued existing power structures without having to actually govern, allowing for more idealistic or extreme positions.
- Appeal to disillusioned youth: Both movements found particular appeal among young, educated individuals who felt disconnected from traditional power structures.
- Holistic worldviews: Both offer comprehensive worldviews that explain a wide range of social phenomena through their particular lens.
- Skepticism of Western liberal values: Though for different reasons, both movements often express skepticism towards traditional Western liberal values.
Why I found this interesting was that it emphasizes that the problems are probably not about democracy per se, but about liberalism, rule of law, economic disparities, etc. Fix that and maybe things will improve. And by improve I mean a move more towards law and order and less towards la Revolution.
Last point, in the conclusion the author praises the Federal Reserve for its insulation from political pressures, which allows it to make decisions based on long-term economic merits rather than short-term political considerations. This, the author suggests, is a model that could be applied to other areas of government, such as tax policy. In light of the 2008 financial crisis, the author may not have been directly critical of the Federal Reserve's actions. However, the events that transpired post-2008, such as the implementation of zero-interest rates and quantitative easing, could be seen as evidence of the Federal Reserve acting in a way that is insulated from political pressures and focused on long-term economic benefits rather than short-term political gains.
This almost got me laughing out loud. I lost a lot of money since 2008 because of how The Fed operated. They made a lot of decisions that caused a lot of economic damage that we are still digging out from. Insulation from democratic politics is not a panacea.
I did enjoy the book and plan to read a few more from this author in the future. Actually I started his most recent book this morning.
One big thing I took away from this was that democracy and classical liberalism are not the same thing. It seems to me because there are many well functioning, although that is debatable, liberal democracies that we focus on the noun and deemphasis liberal into an adjective. To be clear in our thinking we should be thinking in terms of both constitutional liberalism and democracy. Further that the order of operation is important. Unlike math where 2+3=3+2=5, democracy then liberalism does not beget the same outcomes as liberalism then democracy.
I found Chapter 4 particular interesting. As I was listening to it I couldn't help but draw parallels between the Arab Muslim fundamentalist issue and the cultural neoMarxist, postmodern ideologues.
The author explains that in many Arab countries, the political space is extremely limited, with no real political parties, free press, or pathways for dissent. As a result, the mosque became the primary place where people could discuss politics and express opposition to the regime.
This situation led to a few key consequences:
- The language of political opposition became intertwined with religious language, as the mosque was the only "safe" place to voice dissent.
- Fundamentalist organizations, such as the Muslim Brotherhood, Hamas, and Hezbollah, became de facto civil society organizations, providing social services, medical assistance, and other support that the state failed to provide.
- This combination of religion and politics proved volatile, as religious absolutes don't mix well with the compromise required in politics.
- The fundamentalists gained credibility and support by being the main opposition voice, without having to actually govern and prove their practical abilities.
- Regimes, unable to completely suppress religious institutions, often tried to co-opt them or use them to deflect criticism, further entrenching the role of religion in politics.
Some similarities that jumped out at me:
- Alternative spaces for discourse: Just as mosques became centers for political discourse in Arab countries, university campuses and academic circles often became the primary venues for neomarxist and postmodern thought in the West.
- Reaction to perceived failures: Both movements arose partly in response to the perceived failures of existing systems - authoritarian regimes in the Arab world, and capitalist liberal democracies in the West.
- Language and framing: Both movements developed their own specialized language and ways of framing issues, which could be exclusionary to outsiders.
- Critique without governance: Both groups often critiqued existing power structures without having to actually govern, allowing for more idealistic or extreme positions.
- Appeal to disillusioned youth: Both movements found particular appeal among young, educated individuals who felt disconnected from traditional power structures.
- Holistic worldviews: Both offer comprehensive worldviews that explain a wide range of social phenomena through their particular lens.
- Skepticism of Western liberal values: Though for different reasons, both movements often express skepticism towards traditional Western liberal values.
Why I found this interesting was that it emphasizes that the problems are probably not about democracy per se, but about liberalism, rule of law, economic disparities, etc. Fix that and maybe things will improve. And by improve I mean a move more towards law and order and less towards la Revolution.
Last point, in the conclusion the author praises the Federal Reserve for its insulation from political pressures, which allows it to make decisions based on long-term economic merits rather than short-term political considerations. This, the author suggests, is a model that could be applied to other areas of government, such as tax policy. In light of the 2008 financial crisis, the author may not have been directly critical of the Federal Reserve's actions. However, the events that transpired post-2008, such as the implementation of zero-interest rates and quantitative easing, could be seen as evidence of the Federal Reserve acting in a way that is insulated from political pressures and focused on long-term economic benefits rather than short-term political gains.
This almost got me laughing out loud. I lost a lot of money since 2008 because of how The Fed operated. They made a lot of decisions that caused a lot of economic damage that we are still digging out from. Insulation from democratic politics is not a panacea.
I did enjoy the book and plan to read a few more from this author in the future. Actually I started his most recent book this morning.